How many of us here have Offshore accounts? An offshore account is an "investment" tool that enables persons from another country to invest their monies so that they get extreme value. Offshore jurisdictions have no tax or low tax policies. Offshore jurisdictions also have the credit of "tax haven", which means that they have no tax on income. How many of us live in tax haven countries?
You don't have to live in the country in question to have an offshore account. But different home countries have different jurisdiction over what types of offshore accounts can be used and how much can be used in them. They're not as straightforward as they sound (re: tax) as you're still going to be paying fees on top. In other words, even if you can get access to such accounts, it doesn't always make economic sense to do so.
