Tax Optimization Definition
Tax optimization involves legally reducing taxes by using provisions set out by law.
Category: Offshore Glossary
Asset Protection Definition
Asset protection means securing your wealth against seizures and legal risks using tailored strategies.
Offshore Account Definition
An offshore account is a legal bank account held in a country other than the holder’s…
Offshore Company Definition
An offshore company is a business legally owned in a country other than the owner’s country…
Offshore Jurisdiction Definition
An offshore jurisdiction is a territory that offers favorable taxation and a flexible legal framework to…
Tax Haven Definition
A tax haven is a territory that applies very low or zero taxation for non-residents.
Banking Haven Definition
A banking haven is a territory that protects the confidentiality of transactions and account holders’ identities.
FATCA law Definition (Foreign Account Tax Compliance Act)
FATCA law requires financial institutions to report to the United States accounts held by American citizens.
Common Reporting Standard (CRS) Definition
The CRS standard requires banks to automatically exchange information about foreign clients’ accounts.
Double Taxation Agreement Definition
A double tax agreement defines how two countries allocate taxation to prevent double taxation of the…
Anti-Money Laundering (AML) Definition
Anti-money laundering regulations (AML) require financial institutions to detect and prevent illegal activities.
Know Your Customer (KYC) Definition
KYC is used to verify clients' identities to secure transactions and reduce fraud risks.
Bank Secrecy Definition
Bank secrecy protects client privacy but disappears in countries that signed the CRS.
Wealth Management Definition
Wealth management organizes, grows, and protects your assets to optimize their value and transmission.
Nominee Services Definition
The nominee service appoints official representatives to keep a company's real owner confidential.
Trusts and Foundations Definition
Trusts and foundations are international legal entities for optimizing asset management and transfer.
Economic Substance Definition
Economic substance proves that a company conducts genuine local activity required for tax compliance.
