While there are dozens of offshore-friendly countries, they won’t be equally suitable for your goals. Territories that remain popular for offshore banking maintain their status largely through their dedicated approach to financial policies that are more beneficial to some types of accounts than others. For instance, as one of the largest financial hubs in the world, Hong Kong is the best choice for offshore corporations and basically any entity or individual with a high net worth. Switzerland is a popular destination thanks to its privacy protection laws that prevent their banks from disclosing personal information to any unauthorized party, while Germany is one of the safest locations for banking overall. Countries like Belize, Panama, Seychelles, and the Caymans are chosen for their interest rates and favorable tax policies, whereas Nevis and Mauritius are known as some of the best locations for holding saving accounts and trusts.