An offshore fund refers to a mutual fund that invests its assets abroad and offers investors access to international markets and major exchanges. It’s similar to traditional mutual funds.
While several potential benefits to investing overseas exist, tax breaks are frequently one of the most important advantages for investors. Offshore mutual funds are usually established in countries that provide significant tax benefits to foreign investors. As a result, these investors are often able to reduce the amount of taxes they pay. Some popular countries for offshore investments include the Bahamas, Bermuda and the Cayman Islands.
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