What Is Offshore Bank Account. If the term "offshore bank account" conjures up images of fugitive billionaires and organized crime bosses, be prepared for a reality check. An offshore bank is a bank regulated under international banking license (often called offshore license), which usually prohibits the bank from establishing any business activities in the jurisdiction of establishment.
An offshore bank account is a personal bank account or for the company opened outside the country of residence of the final beneficiary.
For this reason, is important that you first do.
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