Over the last twenty years, increasing client demand for offshore facilities has mostly resulted in political and economical instability, market globalization, high tax regimes and more effective tax recovery.
The following are all important motivations for using offshore jurisdictions:
* Minimization of tax;
* Protection and enhancement of assets;
* Risk management;
* Cost reduction;
* Confidentiality;
* Avoidance of bureaucracy and excessive regulation.
Both individuals and corporations are seeking a safe place to protect their assets and investments and/or legal ways to avoid taxes - trying to take advantage of profit-making opportunities that are unavailable onshore.
Tags: twenty economical instability globalization jurisdictions tax assets
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