call now on:

+357 22 898684

You may have heard the term "offshore" in relation to investments or some sort of insurance – but what exactly does offshore mean? First of all it could be any type of investment, such as a bank account or a collective investment, or insurance product.

There is however no definitive definition of the term “offshore” but it is generally accepted to mean one of a number of locations which are major financial centres such as:

• Isle of Man

• Guernsey

• Jersey

• Dublin

• Bahamas

• Bermuda

• Gibraltar

• Luxembourg

• British Virgin Islands

There are in fact a number of other countries and territories which are well known as offshore financial centres.

Offshore investments and protection – the advantages

• Most are low, or no tax charged environments

• Able to offer different types of investments and insurance

• Offer confidentiality

Not all offshore centres are the same

Some offshore financial centres have limited regulation and financial security, whilst others offer financial protection which is as good, and sometimes better than the world’s main financial centres.  

Economic and political stability is another issue to consider when considering which company to use if you’re thinking of investing offshore. CLR Overseas, a specialist offshore independent financial adviser uses only companies based in economically and politically stable offshore centres such as Guernsey, Isle of Man, Jersey, Gibraltar etc.

Many offshore investment and insurance companies are subsidiaries of large financial institutions, although they are run as a separate business, so your information remains confidential, but secure. The parent company will of course have its reputation to protect too.

Here are some examples of offshore companies and the location where they are based which are ultimately owned by large international financial institutions. There are in fact 100s of similar companies.

So if you’re an expatriate, and want to know more about offshore products  then contact CLR Overseas – offshore independent financial advisers for expats,  based in Cyprus - free and without obligation on +357 22 898684 or contact us online.  

yourexpatmoney.com is brought to you by CLR Overseas Ltd, an expatriate independent financial adviser based in Cyprus, providing advice to expatriates in Europe, the Middle East and Africa.

©2007 Legal information and disclaimer