Offshore financial systems

Offshore financial systems are specialized banking and financial centers located outside a person's or company's home country, often in jurisdictions with favorable laws regarding taxes, privacy, and regulations. They provide services like account holding, investment management, and corporate structuring, primarily to optimize financial efficiency, privacy, or legal benefits. These systems are legal when used appropriately but can also be exploited for tax evasion or illicit purposes. Typically, they attract international clients seeking confidential and flexible financial options, and are an integral part of global finance when used within legal frameworks.