Offshore Financial Centre Law and Legal Definition
An offshore financial centre (OFC) is a small, low-tax jurisdiction that provides corporate and commercial services to non-residents in the form of offshore companies and the investment of offshore funds. The term offshore financial center was first coined in the 1980s. In general, OFC include all economies with financial sectors disproportional to their resident population. It means that the financial services offered to nonresidents in OFC are on a scale that is disproportional with the size and the financing of its domestic economy.
Legal Definition list
Related Legal Terms
- Academy of Financial Divorce Practitioners
- Annual Statutory Financial Statement [Agriculture]
- Appropriate Federal Financial Supervisory Agency [Banks & Banking]
- Appropriate Financial Regulator [Banks & Banking]
- Bridge Financial Company [Banks & Banking]
- Bureau of Consumer Financial Protection
- Centre for Children and Families in the Justice System
- Centre of Criminology
- Centre of Predominant Economic Interest
- Chief Financial Officers Council [CFO Council]
