Political and economic stability is a reason for foreign banks to open branches in another country, which in turn allows them to attract foreign investors to set up their corporate accounts.

Financial security and legal certainty, as well as the long-awaited banking secrecy is another advantage that the jurisdiction offers both to the banking entity and to the shareholders and directors of the offshore companies.

The offshore bank makes it attractive, the confidentiality it offers to its clients as well as the high interest rates it pays for deposits. Likewise, it offers a way out for investors in the face of political instability in their countries of origin.

Benefits offered by offshore banks 

Among the services offered by Tunisian banks for both legal entities and professionals are international bank accounts, electronic banking, credit cards, bank transfers, check cashing, multicurrency bank account.

The Tunisian banking sector has a wide range of entities with different functions such as deposit banking, development banks, merchant banking, offshore banks, leasing companies, factoring companies, as well as representative offices of foreign banks located in Tunisia.

Merchant banking in Tunisia provides advisory services and assistance in wealth management, financial management, as well as all services related to the creation, development and restructuring of companies.

This type of banking includes International Maghreb Merchant Bank (IMMB), the Tunisian Business Bank.

The Tunisian offshore bank collects deposits from non-residents in any form, provides assistance to non-residents and carries out as exclusive intermediaries the foreign exchange and foreign trade operations of its resident clientele.

In this capacity, they are subject to the same obligations as resident exclusive intermediaries: to collect deposits under certain conditions and to grant credits in dinars.

The offshore banks present in Tunisia are Citibank as offshore; Union Tunisienne des Banques (UTB); Tunis International Bank (TIB); Beit Ettamouil Saoudi Ettounsi, North African International Bank (NAIB); - ALUBAF International Bank Tunis (ALUBAF); Arab Banking Corporation (ABC).

Foster Swiss is composed of international private banking professionals who faithfully respect banking secrecy laws. You can rely on professionals who will ensure your absolute confidentiality.

Consult a financial advisor for more information, info@fosterswiss.com