Offshore Banking FAQ

How to open an offshore bank account?

There are several companies that specialise in setting up offshore bank accounts.

Is it legal to have an offshore bank account?

Yes, it is absolutely legal. Offshore banking has been legally used for many years by individuals and organizations worldwide. As many countries encourage international trade and enterprise, there are usually only limited restrictions on residents doing business or having bank accounts in other countries. However, reporting requirements on these accounts differ from country to country.