What type of services are available from offshore banks?

 

 

 

 

 The same as the services from any high street bank, plus the extremely confidential Swiss style numbered accounts. Many of the offshore banks listed on this site are respected AA credit rated international banks, that everyone has heard of before. They have simply set up an offshore division or branch division within a tax haven to attract a share of the enormous international trade, and offer almost the same services as any domestic bank. Such as the following:
 

 

 

•Personal and corporate current/checking account
•Personal and corporate savings accounts
•Secure internet banking facilities
•Anonymous numbered accounts (extremely confidential)
•Debit and ATM cards, which are accepted globally
•Credit cards
•loans
•Mortgages

 
 

 

Going offshore in simple terms means placing your savings, investments, assets or business concerns outside of your home country, within one of the many tax havens. A tax haven is a country that has very favourable tax advantages, which means that your savings, investments, assets or business profits can grow free of almost any taxation. Although taxation is only one reason why many decide to go offshore.

 

Banking services

It is possible to obtain the full spectrum of financial services from these banks, including:

* deposit taking
* credit
* wire- and electronic funds transfers
* foreign exchange
* letters of credit and trade finance
* investment management and investment

Custody

* fund management
* trustee services
* corporate administration

Not every bank provides each service. Banks tend to specialize between retail services and private banking services. Retail services tend to be low cost and undifferentiated, whereas private banking services tend to bring a personalized suite of services to the client.
 

Guide to open offshore Bank account at Switzerland

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