KNOWLEDGE BASE

Establishing and Administering an Offshore Bank Account

INTRODUCTION

Most importantly, OCRA Worldwide is not an offshore bank, we are an international and offshore corporate and trust services provider. However, a significant percentage of the companies and trusts we administer establish accounts with international and offshore banks rather than domestic banks because often their characteristics include:

• Familiarity with offshore and international business
• Worldwide investment and business perspective
• Tax-efficiency
• Confidentiality
• Lack of foreign exchange controls
• Access to special investment opportunities