A nonresident bank account is in other words called an offshore bank account. Simply put, a nonresident bank account is the kind of bank account opened in a jurisdiction other…
Financial sophistication is what offshore banking has come to be synonymous with. The fallacious belief that offshore accounts are a preserve of the filthy rich not to forget those engaged…
The fallacious belief and largely shared misconception is that opening an offshore bank account is about tax evasion. However, this couldn’t be further from the truth. The tumbling down of…
An offshore account specifically refers to a bank account that is opened in a country other than that of the owner/depositor. An offshore account is usually held in a jurisdiction…