The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

OFFSHORE HAVEN Definition & Legal Meaning

Definition & Citations:

A country or area that has few restrictions on businesses located there and negligible income tax, which is different from an individual’s home country. Offshore havens provide various services such as international banking and privacy of deposits and earnings to attract foreign nationals. In that context, every country can be considered a tax haven for foreign nationals. Offering such incentives is a sure way of attracting foreign capital.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.