Welcome to Finance Resources

Offshore Banking

Q: What is an offshore bank?
A: An offshore bank is a bank located outside the nation.

Q: What advantages for offshore banking?
A: offshore banking provides access to politically and economically steady jurisdictions. This can be a benefit for individuals who stay in areas where a risk of political turmoil is or fear their asset may be frozen.

Q: Do you pay more taxes in offshore banks?
A: offshore banking has low or no taxation. Sometime refer to “tax haven” a place where certain taxes are levied at low rate or not at all.

Q: What type of service can I find in offshore banking?
A: Offshore banking is just like normal banks, they offer the same service who would find in the states.

Q: Should I be worried about my privacy?
A: Offshore banking provides privacy far beyond the normal bank. Most offshore banks come from nations with little or no rules about banking privacy and it is possible for offshore banks to keep their depositor and account information secret.

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