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Paypal Account Ebay RSS quote-openIs Offshore Banking Legel? This is one of the frequently asked questions about offshore banking, and in short, YES, offshore banking is legal. Offshore banking is so lawful that, its forever leaving to stay legal. Offshore banking is a advantage to all of culture and is indispensible. with offshore banking for tax avoidance purposes is what is not legal, and that is typically what is associated with offshore banking in universal and is the reason of the misconception. Offshore banking is also associated with criminal activities such as money laundering. This editorial will elucidate the distinction and inspect why offshore banking will stay legal. The word offshore was originated from the British canal Islands, tax havens located factually offshore from the United Kingdom. Now the word is worn to submit to all tax havens whether islands or not. Technically, just touching your money from an account in your country of residence to another jurisdiction is considered offshore ba...quote-close