Offshore banking is very important in the international financial system.
According to financial experts, offshore centers represent half of the world’s capital.
In terms of statistics, tax havens cover 1.2% of the world’s population and hold 26% of the world’s capital; just about $3 trillion are placed in tax haven banks and the nearly $1.75 in assets held by IBCs (International Business Companies) and Trusts.
Amongst offshore banks, Swiss banks hold likely 35% of the world’s private and institutional funds, being the Cayman Islands the fifth largest banking centre in terms of worldwide deposits.
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Offshore Banking Statistics
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Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, this information does not constitute legal or other professional advice.
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