Offshore Banking An offshore banking unit.pptx

An offshore banking is a bank regulted under international banking license (often called ‘offshore license’). An offshore baking unit (OBU) refers to a bank branches localed outside of its home or its origin country, and handling transaction in foreign country.Merits:
• Easy to access, easy to deposit
• Protection against political ,social, or financial instability
• Tax heavens
• Acts as a bridge to global trade and economy

Challenges:
• No interest
• Poor accessibility
• Contributes to foreign economy
• A passive approach to banking
• Forex Complications
• Difficult to setup
• Often associated with organized crime

1. Offshore Banking

2. An offshore banking is a bank regulted under international banking license (often called ‘offshore license’). An offshore baking unit (OBU) refers to a bank branches localed outside of its home or its origin country, and handling transaction in foreign country.

3. Merits: • Easy to access, easy to deposit • Protection against political ,social, or financial instability • Tax heavens • Acts as a bridge to global trade and economy

4. Challenges: • No interest • Poor accessibility • Contributes to foreign economy • A passive approach to banking • Forex Complications • Difficult to setup • Often associated with organized crime