Frequently Asked
Have questions about offshore banking, our application process, what to expect and more? Shore Consultants is here to help you navigate your financial needs with ease.
Offshore banking refers to opening a bank account outside your country of residence, providing benefits like privacy and asset protection.
A legal and effective financial tool, offshore bank accounts are simply accounts that you have in a country you don’t live in. They allow you to make and receive payments, hold money and secure investments.
One of the main reasons that people opt for an offshore jurisdiction is to optimize their fiscal obligations. Some may confuse this with tax evasion, which is illegal. Tax optimization is done in full accordance with the laws of the country where the off-shore account is located.
