Tax Haven Jurisdictions

About twenty years ago, there were only a very limited number of offshore tax havens, and their essence and possible uses were not so clear to the business community as now. By logic, there were only few professionals whose specialisation was offshore practice and tax haven jurisdictions, and those specialists usually made use of only a very limited number of jurisdictions (most often one or two).

Today, offshore industry has developed into a major global business, covering all the regions of the world, involving approximately half of the world's financial transactions. Due to the revolution in  telecommunications and technological advancement, International Offshore Centers are used globally, as an important part of the world's financial system.

Possibly it makes sense to reveal the historical background of limited companies as a general concept on which the whole offshore company industry is based.