The Definition of 'Offshore'

The word ‘Offshore’ often casts an exotic picture of palm trees, beaches and dreams of summer holidays, but what does the word actually mean?:

1. [adv] away from shore; away from land; "cruising three miles offshore"
2. [adj] (of winds) coming from the land; "offshore winds"
3. [adj] at some distance from the shore; "offshore oil reserves"; "an offshore island"

In terms of finance though, Offshore is an international term meaning not just 'out of your country' (jurisdiction) but out of the tax reach of your country of residence or citizenship; synonymous with foreign, transnational, global, international, transworld and multi-national.

Ask people to name an Offshore location and you will be surprised how many people say “Hong Kong, The Cayman Islands, Bermuda” and even in some instances “Australia”. Of course these are all correct, they are all “Offshore locations” in the true context of the words. But in terms of highly regulated, tax efficient, protected and confidential Offshore Financial Centres, those locations do not meet the strict criteria that Financial Page International look for when seeking out secure and stable environments from which we can advise Clients to base their finances.

When dealing with our Clients' finances, Financial Page International like to use the three highly regulated Offshore Financial Centres that exist around the UK: the islands of Jersey and Guernsey which are based in the Channel Islands between the UK and France and the Isle of Man which is located between Ireland and England. This does not mean that other Offshore locations do not offer taxation benefits, but Financial Page International feel that the best overall packages for their clients in terms of security, safety, confidentiality and protection lie in these three regulated locations.