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Peter Waterhaze's Articles in Management

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Importance of privacy in offshore banking The two principal reasons a person has to open an offshore account are the protection of his personal identity and maintenance of his privacy. Most individuals start up an offshore bank account to avoid the government or private individuals looking into their account. Offshore bank accounts offer protection from these probes. Gear Up Your Economy With Offshore Company Offshore companies also known as "non-resident companies" are trade and business companies that operate in foreign countries. They do not set up centres in their resident countries due to tax havens and privacy reasons. They prefer to set up their industries over seas to get more profits.