These days, the offshore bank is an indispensable tool in order to protect your assets. Offshore banks (literally "outside the territorial waters") are banks with their legal headquarters in a country with a facilitated taxation or in tax havens and offer bank secrecy. An offshore bank is a bank located outside the country of residence of the depositor. Typically, an individual or company will use an offshore bank in a low-tax jurisdiction (or tax haven) that provides financial and legal advantages. These advantages typically include:
- greater privacy (see also bank secrecy)
- little or no taxation (i.e. tax havens)
- easy access to deposits (at least in terms of regulation)
- protection against local, political, or financial instability
Offshore Banks Directory Guide
|
