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3 BENEFITS OF OFFSHORE BANKING

Offshore banking often brings one of two things to mind: either a type of bank account used exclusively by the ultra-wealthy, or, the type of account used by those who have something to hide. The reality is, offshore bank accounts appeal to a broad client base. But what are the benefits associated with having an

ECONOMIC SUBSTANCE REGULATIONS: WHAT ARE THEY?

The economic substance legislation came into effect in January 2019 in the Crown Dependencies and overseas territories. It is designed to protect the reputation of offshore jurisdictions. It does this by ensuring that income streams from certain activities are based on actual local activity in order to substantiate the use of low tax jurisdictions. The

Turner Little and its affiliates do not provide tax, legal or accounting advice. Material on this page has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.