At MIDAS, we understand that the key reason why individuals and companies look to offshore jurisdictions to manage their wealth is a desire for privacy. With that in mind, we keep a keen eye on the new trends, shifting attitudes and new regulations in the offshore banking industry.
There are a number of previously popular offshore financial centres that have recently opened their doors to increased scrutiny and informational access. Of the remaining countries where confidentiality is a priority, there are sometimes major differences in how this priority is managed – and it can change sometimes literally overnight.
It comes down to the attitude of the host country’s government. Some governments have committees whose sole purpose it to find ways to attract offshore banking business; others choose to welcome it, but not necessarily advertise it.
This is where MIDAS becomes your trusted partner. We know which offshore governments really want to work with you and accommodate your business needs, and which are merely looking out for themselves. When you come to us with your offshore financial goals, we’ll listen to what’s most important to you – and we’ll make sure that we match you with the best offshore jurisdiction for your needs.
If you’re interested in knowing more about how the government of your offshore jurisdiction interacts with its financial industry, contact us at your convenience – we’re happy to advise you.