Incorporating your business in another country can be very advantageous, and offshore banking for your business can be too. There is potential to save on taxes, increase privacy, receive tax breaks, and much more. If you are doing business outside your country of residence, having an offshore bank account for your company is even more beneficial, helping you save money on currency conversions. Do you know of more countries that needs to be added to the list?
Opening an offshore banking account can be a good way to exploit the loophole available to anyone especially in savings on taxes and getting away from the interference of the government. In other words, this can be used as a great leverage for many economic benefits. No wonder we heard of news of popular and rich people taking advantage of this good option. Naturally, many people frown upon this option and they are seeing politicians doing this as hiding something from the public. I am also sharing this
list here which identifies 5 countries like Cayman islands, Switzerland, Singapore, Germany and Belize.
Due auto-tax info exchange, If you are an EU citizen, opening a Bank Account in another EU country (incl. Switzerland) will not save you any taxes, nor you will exploit any loopholes. It will not work even for most non-EU citizens. So half of those destinations are not real offshoring.
However, if you need access to the EU market, it's an option. Then Estonian bank account is even an easier option.