Category: Offshore Glossary

Tax Optimization: definition, legal framework and best practice Tax optimization represents all legal practices aimed at reducing one’s tax burden. In an […]

Asset Protection: Definition, Strategies, and Importance Asset protection refers to the set of legal, financial, and tax strategies aimed at securing your […]

An Offshore Account is a bank account held in a country outside the account holder’s residence. These accounts are popular for their privacy, asset protection, and sometimes tax advantages.

An Offshore Company, also known as an International Business Corporation (IBC), is a business registered in a country other than where its owners live.

An Offshore Jurisdiction is an international location that offers favorable financial laws, tax benefits, and privacy protections to foreign clients.

A tax haven is a country or jurisdiction with minimal or zero tax rates, providing financial privacy for foreign individuals and companies.

A Banking Haven is a financial location known for strong privacy, asset protection, and favorable tax rates on specific types of income.

FATCA law (Foreign Account Tax Compliance Act) is a U.S. law aimed at combating tax evasion by requiring foreign financial institutions to report assets held by U.S. taxpayers.

The Common Reporting Standard (CRS) is an international tax standard developed by the Organisation for Economic Co-operation and Development (OECD) in 2014.

A Double Taxation Treaty (DTT), also known as a tax treaty or convention, is an agreement between two or more countries designed to prevent the same income from being taxed twice.

Anti-Money Laundering (AML): Definition and Challenges Anti-Money Laundering (AML) refers to the set of policies, laws, and procedures aimed at preventing the […]

Know Your Customer (KYC) is a process used by financial institutions and other regulated entities to verify the identity of their clients.

Bank Secrecy, also known as banking secrecy or Secret bancaire, is a principle that ensures the confidentiality of clients’ financial information held by banks and financial institutions.

Wealth Management is a comprehensive service that helps individuals and families grow, protect, and manage their financial resources.

Nominee Services are arrangements where a designated person or entity, called a nominee, acts on behalf of the actual owner of assets or a business.

Trusts and Foundations are legal structures used to manage and protect assets for specific purposes, often involving family, charity, or estate planning.

Economic Substance refers to regulations that require companies to demonstrate real business activities in the jurisdiction where they are registered.