An offshore bank account allows you to improve efficiency of international financial transactions. Despite the efforts of government and international business organisations in reducing the criminal activities, such as tax evasion, associated with offshore banking, it is still important to set up an offshore bank account in a politically and economically stable offshore jurisdiction. This can help to prevent any bureaucratic difficulties and tax haven stigmas. Choosing the right jurisdiction will optimize the benefits that come with an offshore bank account, such as tax efficiency, greater business freedom, protection of assets and ease of international operation.
Switzerland, which is the seventh largest bank
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