What is the meaning of offshore banking?

Answer As money making instruments have become more creative over the years, the offshore banking sector has become an integral piece of the global financial system. Offshore banking provides an elite lis... Read More »

Top Q&A For: What is the meaning of offshore banking

Is offshore banking legal?

On One Hand: It's Legal if ReportedOpening an offshore bank account and using it to hold assets is legal if done properly. Anyone who engages in offshore banking has to file a Treasury Department F... Read More »

Offshore Banking Explained?

Generally speaking, any bank established in a country other than where you reside is an offshore bank to you. But the term is usually reserved for banks in offshore financial centers that put a pre... Read More »

Offshore Banking Laws?

Offshore banking is often viewed with a certain stigma because it appears to be an activity engaged in by those who are trying to hide something. However, in many cases, it is simply a better way t... Read More »

What is the meaning of an offshore company?

An offshore company is a U.S. company that is set up in another country. The country where the offshore site is located is beneficial to organizations because there is usually very little governmen... Read More »