Tax Haven

Offshore Company
An offshore company is a business entity not registered in the same country as that of its funding residents or it's an entity established in a foreign country, often a tax haven, for capitalizing on specific tax laws and exchange control regulations.
Shell Company
A shell company is a non-trading entity often used for various company maneuvers, including future business activities, tax advantages, or simplified company registration.
Tax Exile
A tax exile is an individual who relocates to a country with more favorable tax conditions to avoid high taxation in their home country.
Tax Haven
A tax haven is a country or jurisdiction with very low 'effective' rates of taxation for foreign investors. It may also refer to those providing the services.

Accounting Terms Lexicon

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