Is offshore banking legal?

While the majority of offshore banks are very legitimate, some are not and it is important that you thoroughly research the banking options on offer and their compliance with the rules of your host country. While, offshore banks can help expats to save money on taxes and can make life much easier for those who operate in different countries and currencies, it is crucial that you ensure that you stay within the realms of the law at all times.

Please note that this article is intended for information purposes only. You should always consult an experienced and qualified financial advisor before making any banking decisions or opening an offshore bank account.

Relative FAQs

  1. What are the benefits of offshore banking for expats?
  2. What types of account are available?
  3. What kind of currency do offshore banks offer?
  4. Open Personal offshore bank account - How it works?
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