cryptohunter
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The most common types of offshore tax and legal structures include:
- Offshore companies: An offshore company is a legal entity incorporated in a foreign jurisdiction, typically in a tax haven. Offshore companies can be used for a variety of purposes, including tax planning, asset protection, and international trade.
- Offshore trusts: An offshore trust is a legal arrangement in which a person (the settlor) transfers ownership of assets to a trustee for the benefit of the beneficiaries. Offshore trusts are often used for asset protection and tax planning.
- Offshore foundations: An offshore foundation is a legal entity that is similar to a trust, but with a more structured governance system. Offshore foundations are often used for wealth management and succession planning.
- Offshore banks: An offshore bank is a financial institution that is incorporated in a foreign jurisdiction, typically in a tax haven. Offshore banks can provide a variety of financial services, including wealth management, foreign currency accounts, and investment services.
- Offshore investment funds: An offshore investment fund is a type of investment vehicle that is incorporated in a foreign jurisdiction and invests in a diversified portfolio of assets. Offshore investment funds are often used for wealth management and tax planning.