Offshore Banking
Legality & Advantages

As a leading offshore banking center, ALMAH Bank offers offshore banking unique advantages. We have built a thriving financial services business. It now offers a variety of offshore structures to the needs of international investors. These include international companies companies, international corporations, protected cell companies, limited liability partnerships, investment funds, captive and other forms of insurance, international foundations, forex and securities trading, open ships registry, and a variety of other related services.

Offshore banking can tax benefits. For example, earned interest in offshore accounts and investments paid without the deduction of taxes. They may also be able to reduce your tax liability in your home country to transfer from savings and investments to an offshore account. Other advantages are a high degree of confidentiality, security and comfort, as well as global access.

Offshore jurisdictions offer exceptional degree of confidentiality, but they can not offer absolute confidentiality. All financial institutions are required by law to report suspected serious offenses. Foreign authorities can seek information about the legal system, where there is good reason to suspect serious crime. A felony is defined as something which is a crime in the offshore jurisdictions and would justify a prison sentence of at least twelve months. Nearby absolute anonymity and confidentiality can be reached through a combination of various offshore vehicles, including International Business Companies (IBC) and offshore trusts. Otherwise, everything is personal data subject to modern data protection law, and there are severe civil and criminal penalties for breaches of confidentiality and unauthorized disclosure of customer information.