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What is Offshore Banking: Features and Impacts about?

This document discusses offshore banking. It begins by defining offshore banks as banking units set up by foreign banks in territories with limited regulations and intervention. Offshore banks bring foreign currency funds from non-residents and invest them in the host country or third countries. The origin of offshore banking units can be traced to tax havens that allow non-residents to receive income without paying high taxes. Offshore banking centers are integral parts of foreign currency markets that eng

Author

Malik Bey

Language

EN