Many individuals also move a large portion of their existing assets to a tax haven jurisdiction. It is essential to do things the right way. There are qualified offshore advisors which can provide excellent and legally correct financial planning for those thinking of moving offshore. They can also enjoy a greater degree of protection from monetary predators. An absence of exchange controls and other governmental handicaps to doing business.
Tax Havens have different categories.
This type of tax haven is a pure tax haven. We can operate a business from one of these countries without any income taxes. There are some special considerations which must be observed, but for all intents and purposes, these countries are tax-free. It is not necessary to live in one of these jurisdictions to make use of their beneficial tax structure. It is possible to live in one jurisdiction and have one's corporate structure in another.