Business, Legal & Accounting Glossary
Offshore denotes a wide variety of activities. Offshore investment, offshore trust, offshore fund, offshore company, offshore banking, and all other activities that involve offshoring come under the domain of offshore.
Concept of offshore investment has gained substantial popularity over a passage of time. It mainly involves taking advantage of the benefits available outside the geographical boundary of the home country of the investor. There are a number of reasons as to why investors are getting interested in offshore investment.
In this era of globalization, national governments of several countries provide foreign investors with substantial tax incentives. Lower tax rates are offered to attract foreign investors to the home country. Offshore investments in developing and less developed economies add to the economic well-being of these nations.
An offshore fund is crucial in the context of offshore investment. It mainly refers to a type of collective scheme of investment based in a financial centre located outside the home country of the investor. Tax benefits that are offered with offshore funds make them more lucrative to foreign investors.
Offshore financial centre is a jurisdiction that is designed to promote offshore investment. With its low rate of tax, an offshore financial centre helps in developing commercial and business infrastructure necessary for the growth of offshore companies.
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This glossary post was last updated: 27th March, 2020 | 0 Views.