The reasons for using a tax haven offshore company will vary with each individual case. In the past 30 years of our professional practice, we find that clients use offshore tax havens for the following purposes:

• High taxes in the country of residence
  Offshore companies have a separate legal personality for tax purposes recognised by most countries, and are not normally subject to taxation in the territory of incorporation.
  
  
• Protect identities
  Clients often use offshore companies so as to protect identities when acquiring shares or other assets where commercial secrecy or personal confidentiality needs to be safeguarded.
  
  
• To hold overseas assets
  Offshore companies are often used by individuals who hold overseas assets (including landed properties) so as to avoid overseas probate and estate duties.