In recent years, a growing number of people are turning to offshore bank accounts for a variety of reasons. Along with lower rates of taxation and diversification, these accounts offer a range of benefits for investors and individuals from around the world. Savings and checking accounts are the most popular, and you can choose to open accounts in a foreign currency. Other options include international loans for yourself or for your business as well as variable life insurance policies. Global stocks and mutual funds are also a smart way to diversify your portfolio and invest in international companies, utilities and more.

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US dollar has been the world’s major reserve currency since World War II. In spite of the U.S. being the origin of the global financial crisis in 2008, the US dollar status, albeit questioned, has never been shaken. The still-evolving sovereign debt crisis in Europe has further boosted the safe-haven demand for US Dollars.

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