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0 comments Offshore banking is a niche service, often utilised by those requiring international financial services.This is an overview of the sector with a focus on Spain.If it's your child's birthday, make sure he/she takes a big bag of sweets to school to share with classmates. Three quarters of the population of Spain and their families will be there, too. You will wait nine hours to get served at a restaurant, another nine hours for the food to arrive, plus two or three more before you get fed up waiting for the bill and do a ' office/ estate agent/ post office/ mechanic's between 9.30am and 11am.There will be a queue and one over-worked, stressed-out, don't-you-dare-complain employee will be holding the fort.

Accounts are often available in multiple currencies, which can be convenient for someone making or receiving payments in different currencies.

Juan Carlos was born in Rome, Italy, during his family's exile.

Following his victory in the Spanish Civil War in 1939, Generalísimo Francisco Franco, the Spanish dictator, took over the government of Spain and in 1947, Spain's status as a monarchy was affirmed and a law was passed allowing Franco to choose his successor.

Introduction to offshore banking Essentially, an offshore bank is a bank located outside the account holder’s country of residence, typically in a low tax jurisdiction.

These banks tend to offer financial and legal advantages over domestic banking arrangements.

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Juan Carlos Alfonso Víctor María de Borbón y Borbón-Dos Sicilias, born 5 January 1938) reigned as King of Spain from 1975 until his abdication in 2014.