Why go offshore?

Some of the motivations for individuals and corporations to utilise offshore tax planning and offshore companies include the desire to:

• reduce tax
• protect assets
• manage risk
• maintain privacy
• avoid bureaucracy
• reduce costs

Reasons and advantages

More broadly, the reasons for going offshore and utilising offshore companies for tax planning and offshore business include:

• anonymity and confidentiality
• low or no taxation
• exchange control, free remittance of profits and capital
• secure political and banking systems
• banking privacy
• access to tax treaties
• security of property rights
• accessing low cost areas
• availability of offshore experts
• access to foreign insurance and re-insurance
• customs and duty exemptions
• foreign investment inducements
• tested legal systems
• higher yields and returns
• availability of sophisticated banking facilities
• search for political stability