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5 Best Countries for Offshore Banking

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Activist Post

When we hear the term “offshore banking,” it often conjures up images of the overly-wealthy elite or sly, nefarious criminals hiding away millions of dollars from prying government eyes. But the way offshore banking is portrayed in the movies is not the reality. 

Opening an account offshore is not illegal, as many people wrongly believe. In fact, many offshore financial institutions are considered safer than many domestic banks. Most foreign banks offer absolute privacy guarantees as well as security to protect your assets.

Banks in the United States are limited in the amount of the interest rates they can pay to customers. Many offshore institutions are able to offer higher interest rates to their clients. In many US and European banks, the governments have too much control, to the detriment of the countries’ citizens. Because of this, the government can step in to freeze your bank accounts and assets indefinitely.