The Offshore Industry

A quarter of a century ago, there was only a handful of offshore centres, and to many, their use was surrounded in "mystique". Also, there were only a few professionals specialising in offshore practice and those that did, typically made use of only one or two jurisdictions. Over the last twenty years, startling advances in technology and the telecommunications revolution, have made it easier to access offshore facilities - so much so, that today’s offshore industry has developed in to a major global business, spanning all quarters of the world, involving, in one way or another, approximately half of the world’s financial transactions by value.

Consequently, International Financial Services Centres are no longer surrounded by the "mystique" of twenty years ago. They are used globally, twenty-four hours a day, each and every day, as an integral and important part of the world’s financial system.