Upon formation of a company or trust quite often one of the first requirements is to establish a bank account.
Many traditional offshore banking jurisdictions have developed into highly reputable and regulated international banking centers with unrivalled technical expertise. The level of regulation and investor protection is often equivalent or indeed greater than many onshore centers.
Most leading banking groups have firmly established operations offshore, providing services specifically geared towards the international and offshore community. A host of reputable private banks, who boast a long history of providing attentive personal service, continue to operate in the offshore banking centers with discreet and often very complex banking products.
Offshore banking is now a modern business and technology such as e-banking has assisted in the speed and accuracy of services provided.