Onshore vs Offshore: The 'Ease' Argument

It's always amusing to hear the pitch for offshore banking centered around 'ease' or 'simplicity' these days. With the layers of compliance, KYC/AML, and CRS reporting now firmly entrenched globally, the days of a quick, no-questions-asked offshore account seem like a distant dream for most legitimate businesses. While there are certainly still advantages, particularly around certain asset protection or specific jurisdictional benefits, the notion that it's easier than a well-established onshore relationship in a stable jurisdiction feels like a holdover from a different era. The complexities involved often make the 'offshore' path a more resource-intensive choice than many initially expect.

I'm curious if others in this room, particularly those managing multiple corporate structures, still genuinely see offshore options as the simpler route for day-to-day operations, or if that perception is finally fading into market folklore. Push back on me.