These are very low tax-laden jurisdictions, with very friendly tax regimes for those who decides to put their money in the banks. For pensioners and those who manages large fortunes, tax havens are very attractive places, because they allow them to carry out legal operations that affects a lower tax burden. But the map of tax havens, product of the pressure, is changing and more and more the jurisdictions that joins the information exchange treaties (that is, they share financial data of the people). Among those who have signed treaties we find the always neutral Switzerland, Cayman Islands, Ecuador, Bermuda, Isle of Man, Jersey, Gibraltar, Mauritius, Philippines, and even Barbados, Chile, Dominica, India, Niue, Seychelles, Uruguay, Trinidad and Tobago...
Offshore companies, Panamanian companies and Panamanian foundations to operate internationally with zero taxation from tax havens.
Offshore banks, offshore bank accounts, offshore credit cards, prepaid credit cards, fiduciary services, electronic wallets.
In the face of ongoing persecution by the authorities and media campaigns against them, the image of tax havens has remained, in some ways, weakened; However, not a few of these jurisdictions continue to maintain privacy protection laws as one of their strengths. Presently, not a few jurisdictions, pressured by governments in the world's highest-tax countries, have had to accept the exchange of financial information, in order to get out of certain blacklists; But, in any way, for all those who are still clinging to their right not to disclose private and financial information, there are still options.
The term offshore company means a certain structure registered in a foreign state considered a tax haven, but which develops its business outside that jurisdiction. Among the main advantages that these companies offer and make them attractive tools for people around the world is that they are relatively easy to create, that is, there is little bureaucratic burden, with them it’s possible to reduce the tax burden and you can protect the goods as well.
Fortunately, there are still some tax havens and through them legal structures and triangulations can be made depending on the type regime or the taxes adopted. So the million question is: Are tax havens finished from 2017? Absolutely not. These countries have had to make transformations and adopt new laws to adapt to the new times; But there are still jurisdictions where, through legal structures and fiduciary services, people's information is as it should always be: Totally private.
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