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.
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