Insurance broker and business provider

Profile	Mr. Fiasson is a broker for a company in charge of elaborating insurance covers specific to spatial insurance market. He is paid by commission when he introduces new customers.
Needs	This customer has chosen a tax optimization. He has established an offshore business which offers his services to insurance companies. The offshore business has signed a portage fiduciary contract by a Fiduciary in London. Mr Fiasson needs to open an account for his business which he would be alone to use, in order to receive the profit from his activity paid in by the Fiduciary.
Solution	The customer has chosen FBS Banking to open his business account offshore. We have introduced him to our banking partner in Switzerland. He receives commissions from insurance companies on a multicurrency current account.
Reasons	This kind of arrangement demands a high level of confidentiality. Switzerland is the appropriate jurisdiction because of its law on banking secrecy. Insurance companies make payments in Dollars and Euros. The multicurrency account is the ideal solution to avoid Mr Fiasson paying conversion charges. The amount charged per transaction can be up to 1% or 3% of the total amount, depending on the banks. Mr Fiasson can benefit any time from the capital of his company by using his anonymous international debit card. Mr Fiasson manages his account on the internet. He can do all the transfers he requires for the running of his business himself.

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