Faced with pressure on costs, the company offered offshore centers and automated services.
They are known primarily for tourism and as an offshore financial centre.
The original Act was copied widely by other offshore financial centres.
It is also any company, resident or non-resident, incorporated in an offshore financial center.
In 1990, it was declared an international offshore financial centre and free trade zone.
However, many offshore financial centres have no such statutory right.
It is going to move to the offshore centres.
There are now more than 30 international offshore financial centres dotted around the world.
Needless to say, the use of offshore centres is never far from being a controversial matter.
This is an area in which traditional offshore centres are still paramount.