Offshore Financial Centers
/ˈɔːfʃɔːr fəˈnænʃəl ˈsɛntərz/
Definitions
- (n.) Jurisdiction or jurisdictional area that provides financial services to non-resident entities with favorable regulatory, tax, and confidentiality benefits.
Many multinational corporations use offshore financial centers to optimize their tax liabilities legally.
Forms
- offshore financial centers
- offshore financial center
Related terms
See also
Commentary
Term is often scrutinized in regulatory and compliance contexts due to risks of tax evasion and money laundering.
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.