- to get away from "onshore". The right offshore jurisdiction will offer a legal regime and infrastructure which, while sensibly regulated, permits family and commercial ventures greater flexibility, privacy and a nil or reasonably taxed environment. This in contrast to over-regulated, confiscatory, politically and economically uncertain (and endlessly bureaucratic) regimes in the home jurisdiction. More and more families, businesses and corporate groups of diverse sizes, functions and origins are setting up international "branches" and "headquarters". More and more assets are being moved, and kept, offshore. So established, such assets can be used in "full value" legitimate transactions (subject to reporting compliance), to make life and business onshore more rewarding, successful and secure. It is the availability of wealth (not the physical possession of it) which, with proper structures and practices, can provide opportunities, security and efficiencies to the wealthy and the would-be wealthy individual, and to the expansionary commercial group.
- to capitalise on international business opportunities arising in the expansion of the Global Economy.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought for your specific circumstances.
