Offshore investments have the advantage of being tax efficient
If you invest in an offshore bond you usually won't pay income or capital gains tax on investment income. Some underlying investments, such as dividends from company shares, will be paid out of taxed profits, and the tax is currently not reclaimable. If you're a Spanish tax resident there may be additional tax considerations you need to think about, please speak to your financial adviser.
For more information on investing offshore, please see the following document or speak to your financial adviser.
|Tax information for Spanish Policyholders||IPBT10142|