Top 5 Offshore Tax Havens in the World

2. Switzerland

FSI Value: 1,167

The Financial Secrecy Index 2022 ranks Switzerland as the second-leading financial jurisdiction with a global FSI value of 1,167, an FSI share of 3.43%, and a secrecy score of 71. These rankings reflect Switzerland’s high level of financial secrecy and its significance as a global tax haven.

The favorable tax policies, strong financial privacy laws, and stable banking system make Switzerland an offshore tax haven for businesses looking to minimize their tax liabilities and protect their financial assets. It offers a range of tax incentives, including low tax rates and preferential tax treatment for certain types of income and wealth. 

Switzerland’s long-standing tradition of banking secrecy, with a banking secrecy score of 60, adds to its allure as an offshore tax haven. The country has historically maintained strict laws and regulations to safeguard the confidentiality of banking information.