Glossary

What Are Trusts and Foundations? Trusts and Foundations are legal structures used to manage and protect assets for specific purposes,

What Are Nominee Services? Nominee Services are arrangements where a designated person or entity, called a nominee, acts on behalf

What Is Wealth Management? Wealth Management is a comprehensive service that helps individuals and families grow, protect, and manage their

What Is Asset Protection? Asset Protection refers to strategies used by individuals and businesses to shield their resources from potential

What Is Asset Protection? What Is Tax Optimization? Tax Optimization is the use of legal strategies to reduce the amount

What Is Bank Secrecy? Bank Secrecy, also known as banking secrecy or Secret bancaire, is a principle that ensures the

What Is Know Your Customer (KYC)? Know Your Customer (KYC) is a process used by financial institutions and other regulated

What Is Anti-Money Laundering (AML)? Anti-Money Laundering (AML) refers to a set of laws, regulations, and procedures aimed at preventing

What Is a Double Taxation Treaty? A Double Taxation Treaty (DTT), also known as a tax treaty or convention, is

What Is the Common Reporting Standard (CRS)? The Common Reporting Standard (CRS) is an international tax standard developed by the

What Is the Foreign Account Tax Compliance Act (FATCA)? The Foreign Account Tax Compliance Act (FATCA) is a U.S. law

What Is a Banking Haven? A Banking Haven is a financial location known for strong privacy, asset protection, and favorable

What Is a Tax Haven? A tax haven is a country or jurisdiction with minimal or zero tax rates, providing

What Is an Offshore Jurisdiction? An Offshore Jurisdiction is an international location that offers favorable financial laws, tax benefits, and

What Is an Offshore Company? An Offshore Company, also known as an International Business Corporation (IBC), is a business registered

What Is an Offshore Account? An Offshore Account is a bank account held in a country outside the account holder’s