Any countries other than the one where you live could be considered "offshore". Providing you are from outside the jurisdiction that you choose (both as a citizen or a resident) you can obtain some special financial or asset protection.. If you live in the US, other countries are offshore. If you live in the UK, countries besides UK are offshore.

Offshore businesses have been estimated that 65% of the worlds hard currencies are held in offshore banks and that around 40% of world trade in goods are transacted through offshore finance centres. Offshore companies and/or offshore trusts are not the illicit hideaways that many of you would have believed. They can in fact provide you with enormous tax savings and asset protection in a legal manner if setup correctly. They can also afford the ultimate beneficial owner a certain amount of anonymity. Offshore companies also provide corporate structures necessary for the efficient operation of international companies.

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