Offshore Banking terms starting with O

6 terms

  1. Offshore This term, when used in this context, and when referring to a country, means a jurisdiction that offers financial secrecy laws in an effort to attract…
  2. Offshore financial arrangement (OFA) Any transaction designed to avoid or evade California income or franchise tax through the use of: (a) offshore payment cards, including credit, debit, or…
  3. Offshore Mail Forwarding Address Often an IBC's offshore address is nothing more than a mail drop (P.O. Box) assigned to the IBC.
  4. Offshore Promoter An offshore promoter is a person or entity who markets offshore arrangements to the public.
  5. Offshore Trustee A trustee has a fiduciary duty to manage and conserve the assets of a trust over which he or she has control.
  6. Organizer Any person who discovers, creates, investigates, or initiates the tax shelter investment, devises the business or financial plans for the investment or…