Tax Havens Offshore Banking Offshore Incorporation
A tax haven is a state or a country or territory where there are low tax rates or no taxes at all. Individuals
and/or corporate entities can find it attractive to live or move their business to areas with reduced or zero tax.
Tax havens compete amongst themselves to attract investors. Certain tax haven jurisdictions appeal more to
individuals while others offer more advantages for business.
Anguilla BVI Cayman Islands Liechtenstein Hong Kong Monaco Singapore
What is offshore banking?
Offshore Banking just signifies that you have a bank account in a place outside your country of
residence - more often than not in a low tax jurisdiction. Most countries which offer offshore bank accounts have
strict bank secrecy laws and protection from overseas courts. Some banks will allow you to open an account by
What is Offshore Incorporation?
Offshore incorporation is the setup of a corporation in a country where the beneficial owner does not
reside. The corporation is usually incorporated in a country or a territory which has no taxes or very low
taxation. These countries are known as tax havens. Many tax havens call these companies “International Business
Online Banking Glossary KYC Money Laundering
Bank Secrecy Offshore Banking Accounts
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