The most natural and obvious question would be "Why Offshore Banking?"
The local bank is a place one considers the safest and best custodian for one's wealth. The bank is also a natural advisor for one's financial moves. Fair enough, one would say. Yet another facet is that the bank is governed by the law and policy of the land where it is operational. This is exactly where the concept of Offshore Banking Services is catching on. The very fact that these banks that are located Offshore are governed by the laws of the land where they are geographically and physically located accounts for the scales tipping heavily in their favor because of less stringent, more business friendly and thus more favorable laws and taxation procedures.
The local bank is a place one considers the safest and best custodian for one's wealth. The bank is also a natural advisor for one's financial moves. Fair enough, one would say. Yet another facet is that the bank is governed by the law and policy of the land where it is operational. This is exactly where the concept of Offshore Banking Services is catching on. The very fact that these banks that are located Offshore are governed by the laws of the land where they are geographically and physically located accounts for the scales tipping heavily in their favor because of less stringent, more business friendly and thus more favorable laws and taxation procedures.