Offshore Fund

The term “Offshore” means off the shore or away from the shore. In the case of mutual funds, offshore translates as organized, administered or domiciled outside in a tax-friendly jurisdiction. There are many areas of the world that are considered primary offshore centres including Bahamas, Isle of Man, Cayman Islands, Luxembourg, Dublin and Bermuda.

The low tax-haven locations are especially investor-friendly, are internationally regarded as the predominant, and most secure, financial sectors in the world. Offshore mutual funds are registered outside the United States of America under the laws of foreign countries. These funds are not subjected regulations existing in the country of operation.

Overall, investors seek greater freedom than is possible onshore. Offshore offers eligible investors significant tax benefits not available in their Home country registered funds. Offshore funds cannot be sold or distributed in some countries including USA. 

GOWEALTHY.COM © 2010

For comments: editor@gowealthy.com