Offshore Banks

HSBC Bank International

The moto of their offshore banking division says “The world's local bank”. HSBC Bank International has been named the Best Offshore Bank Group at International Investment's Fund and Product Awards 2007. The bank has offshore customers in more than 200 countries, and provides technologically and financially advanced offshore banking services. The HSBC is especially targeting expatriate clients, private individuals, and has created the one stop shop for all their money needs.

Offshore customers of the bank can choose between various savings accounts, fixed deposit accounts, the so called “HSBC Premier” account (like Swiss private account, it requires high initial deposit and provides personalised service), as well as accounts with access to offshore investment funds.

Interest on offshore accounts and investments is currently paid without deduction of tax (except for EU residents). For day-to-day operations, offshore banking customers can choose Offshore bank Account with international money transfers, cheque book, overdraft, internet banking and debit card. HSBC offshore offers a series of 80 country guides packed with essential information about incorporating in each of these jurisdictions, with full tax planning details for example. For international business HSBC provides so called International Business Accounts but these are attached to the particular onshore branch of applicant's residence and so hardly may be compared to “genuine” offshore bank accounts.