Offshore fund

An offshore found is a fund, that is located in another place than the residence of the found holder. Many offshore financial centers are available as places for investment. Offshore funds are often regarded as collective investment schemes and the as the main from of offshoring where the underground economy comes from, thought the usage of shell companies allowing for some to complete tax evasion.

Why are offshore funds used?

Offshore funds are often used to escape the the large taxation of a local funds. Countries where the offshore funds are usually set up often offer zero taxation, most popular today for the lowest tax would be British Virgin Islands.

Other popular places to make an offshore fund would be:

• Guernsey Channel Islands
• Cayman Islands
• Luxembourg
• Ireland
• Bermuda

Nowadays offshore funds is still a doggy subject for most governments as the funds allow some to complete tax evasion and would like to completely disallow the use off such funds.