offshore account
Overseas money storage
An offshore account is a bank account held in a foreign country, typically one with favorable tax laws or strong financial privacy protections.
The term carries connotations of tax avoidance or hiding assets: The investigation revealed offshore accounts in the Cayman Islands.
While offshore accounts have legitimate uses for international business and expatriates, the phrase often implies something shady—wealthy individuals sheltering money from tax authorities or creditors.
- tax havenZero-rate wealth jurisdiction
- secretConcealed information
- SwissOf a neutral alpine nation
- private bankingBespoke services for millionaires
- CaymanBritish Caribbean territory
hidden · secret stash · wealth · shell company · shell corporation · money laundering · numbered · banking · stash · untraceable · evasion · tax dodge · Panama · deposits · foreign · confidential · assets · loophole
- accountschecking, savings, 401k, IRA, Roth IRA
- corporate crimescorporate fraud, securities fraud, insider trading, price fixing, embezzlement
- financial fraudsecurities fraud, bank fraud, defalcation, embezzler, peculation
- hidden assetshidden asset, hidden cache, hidden gem, secret stash, buried treasure
- hidden moneyhidden assets, hidden wealth, hidden income, secret stash, cash stash
- financebank, CFO, banks, controller, finance