Quote:
Originally Posted by italkcash
I heard rumors of this saying that opening a bank account in the same location as opening up your offshore company is more liable than opening the bank in another offshore location that the company incorporation place as well. Is that true? Or doesnt it really matter?
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I think the main cocern is that offshore bank are legally not often under the financial regulation of the countries it operates in. So, accout holders are taking a risk as in any event that some goes wrong, it is much harder to seek legal redress for yourself and your money.
If you can live with that, I think can proceed with caution