A Look into Free Offshore Banking
Posted on June 4th, 2009 by Calvin Wapasa
Offshore banking is all about moving money or assets to a foreign land where it is operated upon by banks who work in jurisdictions which are outside your homeland. The term came to be known as offshore after the British Channel Islands which was located just off the shore from the main land. These islands provided the perfect environment for investing since they were free of any tax liabilities, which attracted more number of investors. Banking institutions did not let this opportunity to go past and they started to operate from these islands making the most of the investment scenario.
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