Offshore Finance
/ˈɒfʃɔːr fəˈnæns/
Definitions
- (n.) The use of financial services and institutions located outside the user's country of residence, often in jurisdictions with favorable tax and regulatory regimes.
Many multinational corporations use offshore finance to optimize their tax liabilities and asset protection.
- (n.) Legal and regulatory frameworks governing cross-border financial activities conducted through offshore entities and accounts.
Offshore finance law requires strict compliance with anti-money laundering regulations to prevent illicit activities.
Forms
- offshore finance
Related terms
See also
Commentary
Offshore finance frequently involves complex interplay between domestic and international law; practitioners should note regulatory scrutiny on transparency and compliance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.