Offshore Privacy

One of the main reasons to go offshore is privacy and confidentiality, allowing owners of the companies to increase their personal privacy, protect themselves from invasive bureaucracy and lawsuits.Some people believe that it is their right to have absolute privacy in their financial, business and banking affairs.

In most jurisdictions it is difficult to accomplish this due to the reporting requirements of government agencies. However, many offshore countries do not have these reporting requirements. In fact, in many offshore jurisdictions it is illegal to reveal any information about their clients, thus providing high level of privacy and confidntiality.