These days everyone whether businessmen, entrepreneurs and individuals have heard about Offshore Banking but they are not aware about the benefits, the legal implications and even what exactly it is. Only by getting a better understanding of what Offshore Banking is businessmen or entrepreneurs can have the idea whether it is relevant to their companies and to what extent it can benefit them. Now the question rises here what exactly it is. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction that provides financial and legal advantages. These advantages typically include greater privacy, low or no taxation, no restrictions on nationality, no requirements to disclose ownership, easy access to deposits, and protection against local political or financial instability.
Offshore Banking Services includes administration of bank accounts, drafting and preparation of Trusts, formation and administration of Panama foundations, safe custody of Documents and Securities, corporate administration services which include formation of offshore corporations, administration of corporate entities, fax & e-mail forwarding. Apart from this offshore banking services provide legal services which include coordination of full legal and corporate law services, contract drafting and notarization services.
Offshore Banking Services includes administration of bank accounts, drafting and preparation of Trusts, formation and administration of Panama foundations, safe custody of Documents and Securities, corporate administration services which include formation of offshore corporations, administration of corporate entities, fax & e-mail forwarding. Apart from this offshore banking services provide legal services which include coordination of full legal and corporate law services, contract drafting and notarization services.