This is the use of different aspects of a number of given jurisdictions to form a whole solution. As much as fusion cuisine can create some extraordinary experiences for the palate by combining a variety of unlikely ingredients and styles of cooking, multi jurisdictional synergy principles are being applied to create some ingenious offshore structures.
Building a designer offshore structure begins with a question: What are the objectives? Not surprisingly, numerous clients are turning to OFFSHORE 4.0 in search of financial privacy and sometimes even financial anonymity. Taxation, which was once the main driving force in this market, has taken a second place today.
OFFSHORE 4.0 makes financial anonymity possible by constructing an entity (or entities) from a number of different aspects of relevant jurisdictions. More obscure aspects relating to bank secrecy laws, practices and customs in offshore financial centres and fiscal "loopholes" can all be be amalgamated to construct a structure that meets the customers original objectives.
Which enable the derivation of such structures are:
The following sub-pages will cover some perceived challenges in establishing an offshore presence such as "Know Your Customer" (KYC) due diligence; long term protection of offshore privacy; asset transfers; and financial surveillance. They will then introduce some proposed solutions.