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Overseas banking is about banking overseas and how overseas banks operate as offshore banking. Offshore companies can use offshore banking to their advantage and offshore companies usually open foreign bank accounts to facilitate their trade. Overseas banking can be the same as offshore banking but offshore banks have specific laws and guidance whereas an overseas bank is simply a bank in a foreign country that is used by foreign residents and is therefore called overseas banks offshore or offshore overseas banks. Overseas banking is necessary for offshore companies which are able to open overseas bank accounts. Overseas bank accounts are the same as offshore accounts. But a simple overseas banking could mean paying withholding tax, unlike if working with an offshore bank.
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