There have been various attempts to define an offshore jurisdiction, and the most appropriate one is widely believed to be the following one: any country outside one’s place of residence. In addition, the financial industry has to be the only or the main economic activity, on which the whole country’s economy is based. Having stated that, almost the whole world has to be evaluated as an offshore environment, even though offshore countries, so called tax heavens of fiscal paradise, are usually referred to only low-tax or zero-tax jurisdictions.

Different countries offer different opportunities. There are no two absolutely the same offshore centres, as all of them are free to work out and implement their own internal regulations. We find many similarities in providing confidentiality, asset protection and tax optimizations, but it is important to evaluate every jurisdiction laws in details in order to take a full advantage of offered opportunities and to use them in the most appropriate way to personal goals and objectives.

An offshore jurisdiction is often used by individuals for the following purposes:

An offshore jurisdiction may be the right choice both for a business activity and for a more cost-effective personal life organization. An offshore company formation and/ or redomiciliation of a company to an offshore country, as well as changing one’s place of residency to a low-tax jurisdiction introduce effective solution to a more cost-effective business and life style.