How to Open an Offshore Bank Account?

Nowadays a lot of people opt for an offshore bank account to avail myriad benefits like asset protection and tax concession. The big MNCs and even individuals resort to this practise. However one needs to know the advantages of offshore bank account handling and the way to select the best offshore bank.The advantages of having a foreign bank account depend on the financial circumstances of an individual to an extent. People who are internationally focused or are expatriates can gain facilities like ease of access, flexibility and worldwide reach if they open an account in an ideal offshore bank. Other advantages include better interest rates, estate planning and asset protection. However one can opt for professional advice before opening

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