The debt crisis in the European Union has heated up again, and a new election in crisis-ridden Greece at the end of this month could possibly decide whether or not Greece leaves the Euro Zone.

On the 15th of January, the Swiss National Bank has abandoned the exchange rate for the Euro, that has been fixed for more than three years, and with this the purchase of Euros, thus indicating that Switzerland does not believe in the future of an attractive Euro. As a result, the Euro significantly lost its value against the Swiss currency (-30%) within minutes and recorded at almost 1:1.

Euro Crises 2015

Several Swiss Banks stopped the exchange of Euro for several hours. Even at ATMs in Switzerland the handing out of Euros were stopped. The crisis of the European currency will continue to preoccupy us, therefore, even in 2015.

The negative signs from within the Euro Zone, together with the bad prognosis regarding the economy in Russia and the Ruble, underline how important it is to invest one’s assets in different currencies and in different countries.

We therefore strongly recommend to our customers an offshore account outside Europe or a bank account in Switzerland or the Principality of Liechtenstein in Swiss Francs. Take the opportunity of asset management in a tax haven and an oasis of stability, in order to safely invest your assets in a tax-optimized way and without currency risk.

GWS Offshore always has an extensive list of shelf companies in the United Arab Emirates, Dominica, Belize and the Republic of the Marshall Islands, which can be taken over within a few hours. A list of the available shelf companies is available on our website.

We recommend following jurisdictions outside the Euro Zone:

  • Switzerland
  • Principality of Liechtenstein (official currency: Swiss Francs)
  • Hong Kong
  • Mauritius
  • Mauritius
  • Seychelles
  • Georgia
  • United Arab Emirates