An increasing number of investors globally are attracted by international financial centers to establish business in the form of offshore companies, offshore trusts, offshore mutual funds, offshore insurance companies or even start their own offshore bank. It is estimated that around 60% of the world’s wealth is held on offshore bank accounts using offshore companies or trusts and around 50% of the world’s trade in goods are transacted through offshore jurisdictions.

Offshore companies and trusts are not illicit hideaways from tax authorities as sometimes presented. If setup and managed correctly, they can provide enormous tax savings and asset protection in a perfectly legal manner. An international business company or offshore company is usually a normal limited liability company, which is used by corporations and individuals to legally direct profits from high tax countries to offshore jurisdictions thus taking advantage of low or zero taxation and various double tax treaties.