What is offshore banking
Offshore banking simply means you have a bank account in a location outside of your country of residence. Offshore banking offers a range of benefits to the account holder which are often not available within the holder’s jurisdiction of domicile.
DeltaQuest have a wealth of knowledge and experience in recommending the most reputable and established offshore banks for you to conduct offshore banking with. Please Contact Us to learn more about the best jurisdictions to conduct offshore banking in.
Alternatively, view our Offshore Banking section to see the available countries of which we can assist you to open an account in.
Offshore banking explained
Offshore banking involves setting up a bank account in a jurisdiction that is not your country of domicile. Offshore banking offers a range of benefits to account holders that are often not available to residents within that jurisdiction.
When setting up an offshore bank account, it is important to establish whether or not your selected banking jurisdiction requires personal presence in order to open the account. Many jurisdictions do not require personal presence; however it is important to check all requirements with a professional consultancy prior to opening the account.
Opening an offshore bank account in many jurisdictions is relatively straightforward. Offshore banking offers a secure environment for your money to be held in. Many jurisdictions offer very high levels of privacy and financial security for account holders, meaning that your funds will not viewed by any external authorities.
In addition, offshore banking offers account holders an easy way to manage their international finances. Offshore bank account holders are able to open a range of bank account types that suit their particular banking needs, such as personal, corporate or investment bank accounts.
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