Offshoring - Home - finance

Offshoring is the relocation of a business process from one country to another—typically an operational process, such as manufacturing, banking or supporting processes, such as accounting. Typically this refers to a company business, although state governments may also employ offshoring.

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Here are some of the more well-known places to offshore :-

  • Belize with its Caribbean Sea shorelines, the barrier reef and high interest rates. These are not as good as P2P lending, but better that most banks.

  • Cayman Islands are well-known as tax haven, meaning this country offers foreign individuals and businesses a minimal tax liability. Moreover, a politically and economically stable environment is a requirement.

  • Jersey Channel Islands.

  • Switzerland is the best place for asset protection because of the country's strict privacy laws.

  • Singapore because of its reputation as a stable, safe place to store wealth. Singapore has strict banking regulations, meaning that your wealth is well-protected. The account process is usually fairly easy. In most cases, you can set up an account without ever travelling there.

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