Benefits of Offshore Banking

What comes to your mind when you hear or read the word, “Offshore Banking?” Stolen or embezzled funds? Tax evasion? Funds associated with criminal activities, terrorism or money laundering? Unfortunately, those are some of the general misconception about offshore banking. Naturally, everything good has its shortfalls and short-comings. So, in this article, I will dispel myths associated with offshore banking and go further to discuss benefits, yes, benefits associated with offshore banking.