It depends on country to country actually. Prices and rates can be changed too. And of course, an offshore bank account can gain interest as normal banks.
I was residing there for 4 years. I couldn't see anything wrong with the bank system. Bank system in Cyprus is getting stable day by day. By the way, i will search more for it. Thank you
I don't think so. Since it is not truly his residing address, you cannot provide other address. Because you have to provide utility bills as a proof of your address