offshore haven
Definition
Generic term for a geographical area outside the jurisdiction of one's home country which imposes only a few restrictions on legitimate business-activities within its jurisdiction, and little or no income tax. Offshore havens generally provide international banking and financial services, and promise privacy of deposits and earnings. In effect, however, almost every country (in one way or the other) is a tax haven for non-nationals because it wants to attract foreign capital by offering incentives. Also called low tax jurisdiction, non tax jurisdiction, or tax haven. See also offshore financial center (OFC).
email to a friend
print this definition
cite this definition
link to this page
offshore haven is in the Banking, Commerce & Finance subject.
offshore haven appears in the definitions of the following terms: low tax jurisdiction, managed bank, non-tax jurisdiction, protection of assets trust, asset protection trust (APT) and tax haven
This content can be found on the following page:
http://www.businessdictionary.com/definition/offshore-haven.html