Every business entity needs a bank account if they aim to make it big in the business world. Offshore banking is the best way to go because of three primary reasons:
• Real-time Bookkeeping for maximum financial visibility
• Less restrictive regulations abroad allow foreign banks more freedom in locating the best investments worldwide.
• It may reap tax benefits for you by reducing your exposure to paying less tax for profits earned outside your home country, further allowing you to take advantage of doing business overseas from a zero tax jurisdiction with complete confidentiality.