| Offshore banking is simply using banking | | | | courier post and it is not necessary to pay a |
| facilities in a jurisdiction other than one's | | | | personal visit to the location. Offshore |
| own. Offshore bank accounts protect wealth | | | | banking can have tax saving benefits, i.e. |
| and assets and help people conduct business | | | | interest on offshore accounts and investments |
| in a confidential and private manner. | | | | is paid without the deduction of tax. One may |
| | | | also reduce their tax liability in their home |
| Offshore bank accounts specialize in securing | | | | country by transferring savings and |
| personal and corporate banking and financial | | | | investments to an offshore bank account. |
| resources. People can easily access their | | | | Offshore banking provide multi-currency |
| offshore bank account globally via the | | | | accounts, full internet access, credit/debit |
| Internet, e-mail, fax, telephone, and the use | | | | cards, and ATMs that make funds rapidly |
| of ATMs. Quick and easy transfers of funds | | | | available to the account holder from anywhere |
| can be made around the world by electronic | | | | in the world. |
| transfer. Through an offshore bank account, | | | | |
| one can manage all their banking needs from | | | | International debit cards are useful to pay |
| one point regardless of where they live. | | | | for goods and services globally and withdraw |
| | | | money from any ATM worldwide. People can view |
| An offshore bank account may also help | | | | the balances and statements of their account, |
| someone minimize their taxes with the right | | | | make bill payments, and transfer money to any |
| degree of planning. Getting an offshore bank | | | | bank globally. Opening an offshore bank |
| account is as easy as opening a local bank | | | | account is the first step towards reclaiming |
| account. There are companies that specializes | | | | one's personal and financial privacy. |
| in setting up offshore bank accounts for a | | | | Offshore banking is completely legal under |
| nominal fee. | | | | any law and having an offshore bank account |
| | | | is a wise decision for any businessman. |
| Offshore bank accounts can be opened by | | | | |