Offshore banking is very important in the international financial system.
Offshore Banking Statistics
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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Remark:
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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