What is the Offshore Banks?

The term "offshore banks" generally means a wide range of banking and investment institutions, outside the jurisdiction of the country of the depositor. Theoretically, any bank that meets this criteria, can already be considered as an offshore bank.
However, in practice, the term usually refers to banks in countries with low taxes and liberal laws on banking regulation - the so-called "tax havens"..

Throughout its history, the offshore banks presented a distorted picture of how the media and officials of investors. Offshore banks are often accused of tax evasion and money laundering, but if you carefully analyze their real aims and impartial look at where actually stored and laundered from crime capital, the failure of such charges is obvious. There is also a prejudice that invest in offshore banks is dangerous due to the economic instability of offshore areas, the lack of proper regulation, etc. Again, these allegations are absolutely groundless. Most offshore zones, regardless of their popularity, have stable and elaborate rules of banking regulation. Moreover, the rules are as focused on the needs of the investor, as these countries are very interested in how to attract and retain investors. For many offshore foreign capital, which is stored in their banks, is the main factor of economic development and the only source of foreign investment.

In the broadest sense, can be called any offshore bank that is located outside the jurisdiction of the account holder. One of the many benefits of offshore bank accounts is that these banks are usually located in "tax havens", where the law provides a high level of asset protection and confidentiality of personal and financial information of the account holder. Also in these areas often are less stringent restrictions on the types of accounts that can open foreign investors or investors, and transactions with them, that is, banking activities are regulated less strictly. In the more popular offshore areas are also significantly lower rates of taxation. Thus, although theoretically, any foreign bank can be regarded as off-shore, on this site, we will use the term more narrowly, to refer to banks that provide measurable benefits to the account holder, as described above. These offshore banks may actually reside on the islands (for example, the Cayman and Channel), but this is not the determining factor - as well they may be on the mainland, for example, in Switzerland.

As we mentioned at the beginning, with the conduct of banking operations in the offshore financial centers involves a lot of misconceptions and myths. Is offshore banks are a haven for criminals and traffickers, laundering dirty money? This issue is devoted to the page of "Myths about offshore banks."
The term "offshore banks" generally means a wide range of banking and investment institutions, outside the jurisdiction of the country of the depositor. Theoretically, any bank that meets this criteria, can already be considered as an offshore bank. However, in practice, the term usually refers to banks in countries with low taxes and liberal laws on banking regulation - the so-called "tax havens".

Throughout its history, the offshore banks presented a distorted picture of how the media and officials of investors. Offshore banks are often accused of tax evasion and money laundering, but if you carefully analyze their real aims and impartial look at where actually stored and laundered from crime capital, the failure of such charges is obvious. There is also a prejudice that invest in offshore banks is dangerous due to the economic instability of offshore areas, the lack of proper regulation, etc. Again, these allegations are absolutely groundless. Most offshore zones, regardless of their popularity, have stable and elaborate rules of banking regulation. Moreover, the rules are as focused on the needs of the investor, as these countries are very interested in how to attract and retain investors. For many offshore foreign capital, which is stored in their banks, is the main factor of economic development and the only source of foreign investment.

In the broadest sense, can be called any offshore bank that is located outside the jurisdiction of the account holder. One of the many benefits of offshore bank accounts is that these banks are usually located in "tax havens", where the law provides a high level of asset protection and confidentiality of personal and financial information of the account holder. Also in these areas often are less stringent restrictions on the types of accounts that can open foreign investors or investors, and transactions with them, that is, banking activities are regulated less strictly. In the more popular offshore areas are also significantly lower rates of taxation. Thus, although theoretically, any foreign bank can be regarded as off-shore, on this site, we will use the term more narrowly, to refer to banks that provide measurable benefits to the account holder, as described above. These offshore banks may actually reside on the islands (for example, the Cayman and Channel), but this is not the determining factor - as well they may be on the mainland, for example, in Switzerland.

As we mentioned at the beginning, with the conduct of banking operations in the offshore financial centers involves a lot of misconceptions and myths. Is offshore banks are a haven for criminals and traffickers, laundering dirty money? This issue is devoted to the page of "Myths about offshore banks."