Malaysia Hotline: +603- 2141 8908
Offshore
Company B/A, also known as offshore units offshore banks are located in
offshore financial center by a bank or other financial institution. Their
business is limited to contacts with other units of foreign banks or foreign
bodies, and carried on business in the domestic market is not allowed. Offshore
banks in finance means depositors other than open a bank account in their
country of residence. Instead, banks in domestic depositors live are known as
offshore banks or banks in the territory.
Motivation of savers opening
offshore company bank accounts may have the following points:
1. Banks
located in countries or regions with low tax rates, and thus can be used as tax
havens.
2.
Offshore banks to protect depositors in countries where privacy requirements
more stringent.
3.
Escape the country in which depositors for the supervision and administration
of account activity, such as prohibiting the opening of anonymous accounts.
4. The
depositor resides when the country's political or economic instability,
protecting deposits.
Offshore banking business there
are several classification:
1.
Foreign exchange deposits
2.
Foreign currency loans
3. Interbank
foreign exchange borrowing
4.
International Settlements
5.
Issuance of negotiable certificates of deposit
6. A
foreign exchange guarantee
7. State
administration of foreign exchange to allow other services
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my