Offshore Tax Havens: A Long And Complex HistoryOffshore tax havens have a long and complex history, dating back to the French revolution when the wealthy used them to protect their assets from civil unrest and also to take advantage of the effects of compound interest in a zero tax environment. A little over 25 years ago, there were only a few offshore tax havens or offshore centers. Because they were relatively few in number, there was little need for offshore professionals to specialize in offshore practices, and those that did tended to stick to their particular jurisdictions. As a result of a combination of people's ignorance, limited accessibility to offshore tax havens and offshore professionals, the mystique surrounding the offshore world grew to mythical proportions.
Most services available within your own particular country of domicile have their own offshore counterparts available. In much the same way, law firms operate offshore much as they do onshore. In addition to providing independent legal services from an offshore viewpoint, they also have considerable expertise in the delivery of offshore corporate services, such as: corporate formation; company maintenance; registered office facilities; registered agent services; corporate secretarial services; provision of directors; advice and assistance on the formation of trusts; and dispute resolution. Leading international accountancy firms and local accountants also operate in the offshore environment just as they do in your own country of domicile. These accountants can provide the following services: independent accountancy advice; audits; management consultancy and insolvency services. The accountants also provide many of the services offered by legal services. Following is a list of offshore tax havens throughout the world; this is by no means a complete list of offshore tax havens and is only included to give some indication of the diversity of offshore tax havens. As you can see from the list below, offshore tax havens come in many shapes and sizes. A particular jurisdiction may be unsuitable for one person but totally suited to another's needs. This all depends on your particular country of domicile. Offshore tax havens include: - Andorra
Clearly, offshore tax havens have evolved since their earliest days, and the list of the services they provide has grown exponentially. As a result, the potential returns you can obtain from investing in one (or a few!) of the many offshore tax havens around the world have also increased - and are ready for you to make the most of them.
DO
YOU HAVE ANY QUESTIONS? Offshore
Investing Home | Support |
