Offshore Centers

2015 07 01 | Category: Offshore Glossary

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Offshore Centres – Countries and jurisdictions, most commonly small islands with little to no resources for revenue, specializing in the provision of financial services. These centres specialize and focus on offering to non-residents more favourable tax environments than that enjoyed in their home territory on international trading activities and/or investments via that country. Other beneficial features of offshore centres may include banking secrecy, privacy, various types of discretionary services and other favourable aspects of the legal environment.

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