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Investor Business

Choosing An International Banking Center: Banking Laws and Beyond

Peter Zipper

Interest in international banking is growing, as people around the world are looking outside their own national borders for investment, travel, and new life experiences.

The growth in international travel, coupled with the increasing use of the internet to make a living or help manage businesses from afar, have led to growing use of international banking and international trusts to facilitate more mobile lives.

Some people who never intend to live outside their home country also open international bank accounts and trusts, simply to relocate or diversify their financial affairs, rather than their lives.

International Banking Centers Serve Legitimate Purposes