Offshore Banking, Offshore Jobs, Tax Havens
Offshore Banking Basics
In broad sense people refer by offshore banking to the financial services that are rendered outside the country of 
residence. It means that if you are US resident and you have a bank account in France, this is offshore banking.
But specifically under offshore banking people mean banking services provided by the banking institutions in major tax havens and offshore banking centers such as Panama, Bahamas, Cayman Islands and many other.
Nowadays offshore banking is very widespread and opening offshore bank account is easy. Many expats use offshore bank account to get a tax advantage and not pay taxes in their home countries.
