Definition OFf shore banking !

[avir0ckerx]

An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. These advantages typically include:
greater privacy (see also bank secrecy, a principle born with the 1934 Swiss Banking Act)
low or no taxation (i.e. tax havens)
easy access to deposits (at least in terms of regulation)
protection against local political or financial instability
While the term originates from the Channel Islands being "offshore" from the United Kingdom, and most offshore banks are located in island nations to this day, the term is used figuratively to refer to such banks regardless of location, including Swiss banks and those of other landlocked nations such as Luxembourg and Andorra.Few examples of banks who do offshore banking are german public bank and industrial bank. One special feature that offshore banking provides is anonymous banking !

[Adrien]

Off shore banking really helps the business man in maintaining there account as per there business needs .
it is very good at changing and it changes as the content changes .

[avir0ckerx]

yes offshore banking specially helps in multi national business to maintain overseas business as it would be very hard to control a bank account from another country !

[Qualityposter23]

The main advantages of offshore banking are that somebody is handling your capital. When the worth of your capital is breaking down, he can sell it asap and credit it back to your account. The security is improved because you need to sign in legit documents and offshore banks are controlled by government.