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An offshore bank is a bank located outside the country of residence of the depositor. Typically, an individual or company will use an offshore bank in a low-tax jurisdiction (or tax haven) that provides financial and legal advantages. These advantages typically include: greater privacy (see also bank secrecy) little or no taxation (i.e. tax havens) easy access to deposits (at least in terms of regulation) protection against local, political, or financial instability Registered Offshore...