What are the Objectives of Off Shore Banking

Off shore banking is mainly concerned about export businesses in order to diversify foreign exchange earnings through foreign exchange business. When an investor is willing to invest in any kinds of foreign exchange business then off shore banking provides details facilities how to make an investment and necessary formalities about foreign direct investment. 

• To widen and diversify area of services to the foreign investors as they do not have the opportunity of availing credit facilities from different financial institutions.  

• To diversify the sources of foreign exchange earnings by increasing export through the export processing zone.

• To encourage and foster establishment and development of industries and commercial enterprises in  export processing zone and also wider and strengthen the economic base of a country.