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Offshore Financial Center
(redirected from Offshore financial centre)

   Also found in: Wikipedia 0.01 sec.
Offshore Financial Center
1. An institution, especially a bank that exists in a foreign country. Colloquially, the term refers to institutions that exist in known tax havens. Individuals and companies use offshore accounts to avoid or evade taxes.

2. A country known for having a tax and legal system well-suited for offshore financial centers. A prominent example is the Bahamas.


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Therefore, we may see offshore address, offshore company, offshore financial centre, offshore strategy and number of other offshore services that are provided to the tax efficient companies (i.
The Turks and Caicos islands have become an offshore financial centre thanks to a favourable regulatory regime and no taxation other than stamp duty and import duties.
Islamic investment bank Gulf Finance House (GFH) has unveiled the master plan for North Africa's first offshore financial centre in the Tunisian capital.
 
 
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