Offshore Banking

Offshore banking is an activity that lies at the center of the offshore industry because of its role in facilitating international transactions concerning trade, commerce, wire transfers, asset protection and asset management strategies. Offshore banks help to provide security to people and corporations of countries where financial liberty is very restricted or which are prone to social and political unrest. Banking offshore in a country that is both socially and politically stable, as well as economically stable gives a great sense of personal and financial security as well as help to open gateways to new business and investment opportunities.

For many years we have helped families seeking a second passport to set up a new home and gain a new life. Get the possibility of acquiring a second citizenship via St. Kitts citizenship by investment or Dominica economic citizenship program Dual nationality is necessary these days for safety and protection your family’s well being now or in the future. You are also at the right place for assistance with buying shelf companies, how to register an IBC and to set up an offshore trust for safe asset protection and wealth preservation.

One of the major advantages of an offshore bank is that offshore banks are generally very updated and modernized in carrying on their functions with online facilities, providing services that use technologically friendly devices such as cellular phones. Offshore banking is also a means of accessing expert financial counseling and advice on personal and corporate business matters. Very advanced offshore banking systems have developed over the years to provide specialized services in certain areas so that customers are able to deal with their affairs which can be very diverse. In this way, offshore banks are able to efficiently deal with the needs of their customers and provide the broad range of services that may be required to successfully accomplish that.

Offshore banking is business that has increasingly been regulated to meet new regulatory demands and adapt to changing financial circumstances. These regulations on banking offshore are often imposed by both domestic and international regulatory bodies. To protect account holders, the banks, the reputation of the country in which they operate, members of staff and the international/offshore banking system on a whole through transparency measures, which are normally incorporated into due diligence measures that must be enforced.

Before delivering offshore banking or offshore companies services, it is required that a bank be licensed as an offshore bank is capable of carrying on offshore banking business. There are domestic/national banks that are licensed to provide offshore banking services and these too must be licensed accordingly and follow the regular standards, procedures, rules and regulations for offshore banking business. . An offshore bank licensing procedure is established so that banks can apply under standard terms for licensing, and be subjected to transparent and accredited means of due diligence and other tests. While there are internationally and regionally established norms for offshore bank licensing, some rules may vary slightly from one jurisdiction to the other. For example, while all offshore banks are required to meet solvency margins, the value of the margin that is stipulated varies from one jurisdiction to another.

Banking offshore business generally involves different types of offshore bank accounts (merchant accounts, investment accounts, personal accounts, business accounts, brokerage accounts, checking accounts) which are available and can be managed in different foreign currencies (multicurrency accounts) .Private banking offshore is a financial service that is targeted at high net worth individuals who wish to manage their wealth using expert advice on various savings, asset protection and management and investment strategies, services and products.

One of the highlights of offshore banking and offshore banks is the high level of security and protection that exists. Privacy is critical in deploying any offshore personal or business plan to ensure that the objectives for deciding to bank can be accomplished.

scroll back to top