Yes, you are right, Offshore accounts serve the purpose of tax benefits, privacy protection and capital mobility. However, such accounts are still subject to anti-money laundering and tax evasion laws, secret bank account check. The main feature of offshore bank accounts is that sometimes, depending on the jurisdiction, it is possible to transfer funds outside the country without any restrictions imposed by law or other country regulations (e.g. currency controls).
Switzerland. Switzerland is one of the top choices for offshore banking due to its strong privacy laws, political neutrality, and stable economy.