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Q: What is subsidiary bank of offshore bank unit?
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What are examples of offshore banking units?

An offshore banking unit is a bank that is located outside of the country of residence. An example for the United States would be any bank located in Spain, Egypt, Saudi Arabia, China, or any other country that is not the United States.


Is ing direct nv a subsidiary company of ing bank nv?

Yes it is a subsidiary of ING Bank NV


What are the disadvantages of having an offshore bank account?

One of the disadvantages to having a offshore bank account is that you have to choose your jurisdiction carefully. Another disadvantage to having a offshore bank account is that its much more difficult solving issues with your bank account.


Is chase bank a subsidiary of citi bank?

No. They are separate companies.


Is Green Tree Financial Corporation a subsidiary of Bank of America?

Was told by a BofA rep that it was a subsidiary.


IDBI is a subsidiary of?

Reserve Bank of india


How does an offshore bank work?

An offshore bank work basically the same as a local bank. The difference being that the bank is located in another country. There may be greater privacy, security or tax incentives associated with this type of bank.


Is Idbi subsidiary 0f which bank?

national bank for agriculture and rurler development


What is meaning of offshore banking?

Offshore banking means your bank account outside of your residence country. With offshore banking you can enjoy low tax rates.


What is a common offshore deposit of sand?

A sand-bank.


Where can one find information about offshore bank accounts online?

Today almost every bank has its own website. An accurate research says that information on offshore bank accounts can be found by calling the selected bank and request the information.


Why would you need an hsbc offshore bank account?

You do not need an HSBC offshore bank account. These are used for people who have a lot of money, and need to put it in different places. But, it is not a necessity.