You will benefit from an offshore account if you live outside your home country, frequently move between countries, or are perhaps thinking of retiring abroad.
Stronger depositor protection can be found in offshore jurisdictions such as the Isle of Man and Guernsey. Offshore banking can bring with it a whole host of additional benefits.
Benefits such as, cheaper and easier currency conversion or discretionary portfolio management. They will often also provide a full range of customized lending services including structured lending and lending against property.