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.