Updated: Nov 17, 2022
Banks offshore have several advantages over their domestic counterparts.
Tax incentives are one of the key benefits of offshore banking
You will gain access to more liquidity in major trading currencies, protect your assets from potentially devaluing currencies and inflation, and will be able to conduct international transactions in a secure and safe manner. Moreover, offshore bank can provide you with the peace of mind that your money is safe and secure
Privacy & Security
Funds are accessible and highly secure.
In today's world, privacy is one of the most important reasons people seek out offshore banking. The legalisation of the country in which the bank is located provides you with the comfort of knowing that your money is secure. Offshore banking in Mauritius guarantees the confidentiality of your personal banking information, offshore bank accounts, and banking transactions.
Time and money are saved.
It is simple and convenient to open and operate an offshore bank. All your banking needs can be handled in one location. Visa, USD, SGD, HKD, or EUR debit cards are typically provided when opening an offshore account. Furthermore, prospective customers often look for offshore banks with the option to open an account remotely. Their bank accounts can be opened without visiting the bank.
Competitive Exchange Rates
A multi-currency account is perfect for clients who have international financial obligations.
For clients who have multi-currency businesses, being able to manage their banking in one place is a real benefit. Transferring money between accounts is fast, easy, and usually free. Regular banks do not offer competitive exchange rates as offshore banks do.
Level Of Service
In general, offshore banks provide higher levels of service than traditional banks. The bank offers a more personalised service with access to your money by telephone or online 24 hours a day, 365 days a year. You can access offshore banks almost anywhere, at any time of the day or night. With offshore banks, you don't have to be in the same country as your bank. Your banking account manager will be your direct contact, which makes the process more personal.
To get your offshore account started, you should consider the offshore bank's timeline. Document verification and account opening usually take a relatively short period of time at most banks. To choose the right service, determine how fast and reliable it is.
Opening an offshore bank account can be a complicated process.
Think Thrust provides customized solutions.
Our team of business advisors is well versed in offshore banking process.
With Think Thrust, you can access banking solutions in many reputable jurisdictions around the globe. Providing you with safety, usability, and reliability is our top priority.