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How much income can I get on my offshore accounts?

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It depends on the bank, currency, amount and type of your bank account. The basic principle is that the bank offers interest on your savings, which is always related to the different rates of exchange, such as the London Interbank Offered Rate deposits (LIBOR).

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What is private banking?

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Private banks - a term referring to the major institutional banks which offer financial services to individuals. These banks usually have two distinct divisions, one of which focuses on private banking, and another - corporate banking.

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What is bank secrecy?

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Banking secrecy - a legal principle according to which banks are allowed to protect the personally identifiable information about its customers through the use of numbered accounts or otherwise.

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