Category: Offshore Glossary

Tax optimization involves legally reducing taxes by using provisions set out by law.

Asset protection means securing your wealth against seizures and legal risks using tailored strategies.

An offshore account is a legal bank account held in a country other than the holder’s…

An offshore company is a business legally owned in a country other than the owner’s country…

An offshore jurisdiction is a territory that offers favorable taxation and a flexible legal framework to…

A tax haven is a territory that applies very low or zero taxation for non-residents.

A banking haven is a territory that protects the confidentiality of transactions and account holders’ identities.

FATCA law requires financial institutions to report to the United States accounts held by American citizens.

The CRS standard requires banks to automatically exchange information about foreign clients’ accounts.

A double tax agreement defines how two countries allocate taxation to prevent double taxation of the…

Anti-money laundering regulations (AML) require financial institutions to detect and prevent illegal activities.

KYC is used to verify clients' identities to secure transactions and reduce fraud risks.

Bank secrecy protects client privacy but disappears in countries that signed the CRS.

Wealth management organizes, grows, and protects your assets to optimize their value and transmission.

The nominee service appoints official representatives to keep a company's real owner confidential.

Trusts and foundations are international legal entities for optimizing asset management and transfer.

Economic substance proves that a company conducts genuine local activity required for tax compliance.