Offshore Jurisdiction

The globalization of international business has led company managers and directors to seek the most efficient ways to conduct business. The use of an offshore jurisdiction is not always driven by tax avoidance motives , but often from a need to reduce the costs arising from reporting requirements imposed by highly bureaucratic and regulated countries. This encompasses many areas, including risk management, loans, intercompany financing, royalties and franchising to name a few.

The increasingly litigious nature of society combined with concerns of political uncertainty, aggressive tax policies and forced heirship laws which particularly affect the High Net Worth Individual, have led to a demand for innovative offshore financial planning.

Hanver Trust Company provides and specializes in developing structures that use offshore jurisdictions to

• Preserve wealth
• Reduce, defer or avoid taxes
• Protect assets
• Offer Confidentiality
• Provide freedom from exchange controls and excessive government restrictions and regulations.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.