Legitimate Uses of Offshore Companies
- International trading, especially where the owner has no fixed residence
- Asset protection
- Captive insurance
- Yacht registration
- Tax avoidance
- Protection of intellectual property
- Succession planning
- Confidentiality (non-criminal)
Read more about this topic: Offshore Company
Famous quotes containing the words legitimate and/or companies:
“The present war having so long cut off all communication with Great-Britain, we are not able to make a fair estimate of the state of science in that country. The spirit in which she wages war is the only sample before our eyes, and that does not seem the legitimate offspring either of science or of civilization.”
—Thomas Jefferson (1743–1826)
“Socialite women meet socialite men and mate and breed socialite children so that we can fund small opera companies and ballet troupes because there is no government subsidy.”
—Sugar Rautbord, U.S. socialite fund-raiser and self-described “trash” novelist. As quoted in The Great Divide, book 2, section 7, by Studs Terkel (1988)