Offshore banking offers diverse benefits and opens matchless opportunities. It is a powerful means to keep money safe and in a few cases to make it exempt from tax. Usage of offshore bank account offers diverse opportunities that are not accessible through domestic banks. This includes but not limited to exclusive investment vehicles.
Possibly, the most crucial benefit offered by an offshore bank account is that it is strictly confidential. The privacy of all operations held through the account if safeguarded by the laws of the host nation of the bank. The account is safeguarded from ex-spouses, discontented former employees, creditors, and other interested parties. It is to an extent a defence device.