What is Offshore Banking?

By definition, is regarded as offshore bank or finance any bank or financial institution located in one country other than his own country of residence.

On the basis of this definition of the offshore banking, technically any bank could be considered as being offshore. But, in practice, we define as offshore bank only the banks which, in addition to be located in one country other than his own, offer and guarantee a high level of privacy and security to these customers.

2015-09-14T18:53:00+00:00