Tell Me About Mauritus Offshore Banking

The HSBC Bank located in Mauritius offer offshore multi-currency accounts, high yielding personal and fixed term accounts in all major currencies including the US dollar, UK Pound Sterling, the Euro, and the South African Rand. Accrued interest is free of withholding tax. Tiered interest rate schedule with rates adjusted periodically. The HSBC electronic banking system delivers the highest quality international money transmission services. The latest banking technology is implemented and includes communications and payment systems allowing for fast identification and credit of remittances in all major currencies.

HSBC offers a comprehensive range of trade finance facilities and services. These services cater to the needs of offshore trading companies (see the website for details). Mauritius offshore banking offers a wide range of multicurrency corporate lending services, including bills discounting, syndicated and cross-border loans, project and capital finance, and short to medium term finance.

Barclays Offshore Banking Unit in Mauritius is a full branch of Barclays Bank Plc, United Kingdom. Barclays Mauritius, maintains about 2500 corporate and personal accounts. Bank services include international inward and outward payments, interest bearing call accounts, structured investments, currency, multi-currency check books, foreign exchange and custody services.

The Hong Kong Shanghai Banking Corporation offshore banking unit, in Mauritius, operates as a branch of the Hong Kong Shanghai Banking Limited and as a member of the HSBC group. Services include personal banking, trade finance, corporate and investment banking, electronic banking, cash management, treasury and foreign exchange and securities custody and clearing services.

These Mauritius Offshore Banking Units have departments with people who are familiar with all of your personal and professional banking needs. They will take away some of the confusion by helping you choose the account package that is right for you. There are fees for these services but they are usually modest. Mauritius also has affiliates in the Seychelles. Their partners are Barclays and Nouvobang. Many of their clients bank with Barclays in the Isle of Man, and in London. The Barclays group has been in commercial banking for over 300 years and have a strong credit rating and a worldwide reputation for its vast range of services. In Luxembourg they work with Dexia Banque Internationale a Luxembourg SA. This is a full service bank started in 1865 with a multi-national staff. They specialize in the needs of businesses for confidential banking. In Switzerland they work with many banks, including Union Bank of Switzerland.

The fact is that you will be able to choose which bank you want to work with. You can research each bank and what they have to offer in the way of offshore banking accounts. When you choose the right offshore bank you may be able to customize the perfect offshore bank account package for your situation. A Mauritius offshore banking account may be just the account you have been looking for to serve all of your personal and professional needs. As you can see, there are many Mauritius banks to choose from so you will have an array of bank account packages to choose from. . .SPSS Assignment Help