Top 5 Offshore Tax Havens in the World

3. Singapore

FSI Value: 1,167

Singapore’s zero tax rates for offshore companies make it an ideal destination for non-resident corporations. The global financial secrecy score of 67 and the banking secrecy score of 30 are other indicators that reinforce its reputation as a safe haven for offshore businesses and offshore bank accounts. 

The country also facilitates corporations to engage in international trade and offshore forex trading. There is no control or limit on the currency exchange business, which makes money flow convenient for foreign investors. Moreover, Singapore’s corporate flexibility and favorable tax treaties with 28 nations contribute to its status as a promising region for non-resident companies.