Offshore bank accounts used to be
only for the real wealthy however today they
are for everyone. Almost anybody is able to
open an offshore bank account. Some banks
will require customers to have a certain
amount for the initial deposit however a
number of banks have a very minimal initial
deposit. This puts offshore bank accounts in
the reach of most people. Offshore bank
accounts provide a number of benefits to the
account holder. Offshore bank accounts
provide regulatory advantages from the
account holder’s home country. Many
countries have excessive regulation while
offshore jurisdictions are very business
friendly. A large part of opening an
offshore bank account is having financial
privacy. This privacy is both from the
government as well as from creditors and
lawyers. In this day in age everyone has to
be concerned about being sued and having
their assets taken from them. It is
important to plan for your financial future.