Offshore accounts are available to
both individuals and corporations. Going
offshore has a number of benefits. It
provides asset protection for companies and
for corporations. It is very difficult
sometimes impossible for funds to be
recovered from an offshore jurisdiction.
This includes protection from the
government, creditors and from lawsuits.
Leaving your money in any one country is
very risky as well, this does not matter
what country it is. Political risk creates
political instability. Currency stability is
also another concern. In certain countries,
including the United States, it is very
difficult to hold foreign currencies. With
offshore banks this is made very easy to do.
Banks are willing to open up multiple
accounts in different currencies depending
on the requests of the client. Financial
privacy is another factor. People with less
money are sued less. Lawyers and plaintiffs
are not going to waste their time or money
suing you if they do not think you have