International Banking Facilities

International Banking Facility (IBF) is a facility that allows depository intitutons in one
country to offer deposit and loan services to foreign residents and institutions.

The facilities is such as:

Offshore Banking
Tax Haven
Mutual Fund
Foreign Direct Investment

The purpose of this facilities is to investing and/or expanding the capitals company,
improving countrys income from foreign depositors, avoid high country home taxes, predatory
lawsuit, etc.

OFFSHORE BANK
An offshore bank is a bank located outside the country of residence of its depositors, with
most of its account holders being non-residents of the jurisdiction. An account held in a
foreign account, especially in a tax haven country, is often described as an offshore account.
Typically, an individual or company will maintain an offshore account in a low-tax
jurisdiction (or tax haven) that provides financial and legal advantages, such as:
Greater privacy (see also bank secrecy, a principle born with the 1934 Swiss Banking Act)
Little or no taxation (i.e. tax havens)
Easy access to (deposits (at least in terms of regulation)
Protection against local, political, or financial instability.

While the term originates from the Channel Islands being "offshore" from the United
Kingdom, and while most offshore banks are located in island nations to this day, the term is
used figuratively to refer to any bank used for these advantages, regardless of location. Thus,
some banks in landlocked Switzerland, Luxembourg and Andorra may be described as
"offshore banks".