What is meant by offshore banking? - 11 views

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#1 paulmelton on 08 Oct 24What is meant by offshore banking?
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#2 samjonson on 08 Oct 24Offshore banking is the practice of keeping money in a bank account located in a different country than the account holder's home country. Reasons people may choose offshore bank accounts include the potential for tax benefits, asset protection, convenience, security, privacy, and higher interest rates.
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#3 ethansunders1 on 08 Oct 24If you didn't know, you can use offshore banking , it can be necessary for those who do business in a foreign country, as well as people who have residences in several countries, including digital nomads, read more here https://www.offshorecorptalk.com/. Offshore banking often attracts global investors or those seeking a higher level of financial privacy. People who send money to relatives in other countries can also benefit from using offshore banking.
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