Safe Offshore Banking
The safest offshore banks are those in developed countries. The idea of going to a third world country adds an element of risk. The government stability and economy should be taken into account. If the government of the country can fail, then the banks can fail also.
You should also research the bank and look for a track record of achievement. Some banks are created with thin working capital and can fail much more easily than others.
The top centers in the world for offshore banking are Panama and Switzerland. Both countries have a stable banking system.
Banking deposits should be insured. A good offshore bank will have the funds insured to a certain amount. You should know about the banking policy before you sign into the bank.
Some of the largest offshore banks are all around the world. For example, HSBS and UBS and Barclays are all over the glove. Any of these banks are going to much more safe than something that is in only one country and not well known.
Don't be fooled by a nice building. Some offshore companies will rent a nice office space and then take off after a short time. The way to deal with a bank is to first research the name and see if they have been in business for a while and how much money they manage. A well capitalized bank may be able to come back after a downturn and an undercapitalized bank could lose everything.
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