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Offshore Investment Plans - what are they?
Note -
1. All plans listed at Offshore Boffin have been independently researched.
2. Product Providers do NOT pay for their plans to be included in our Directory.
Offshore Boffin includes investment plans in its Directory which:
- are free or almost free of local taxes on investments held in the plans.
- are available to non-residents.
- are provided by reputable, regulated companies.
- offer a choice of funds in which to invest.
Offshore Boffin has selected tax-free products suitable for people who:
- have lump sums of USD 1 000 or more to invest.
- are able to save regular sums of USD 20 a month or more.
- wish to invest for 5 years or more.
Which Products are included in Offshore Boffin?
The plans included here are free of local taxes. The investor may be liable to taxes in his country of residence or domicile.
Certain shares called Open Ended Investment Companies, or “OEICs”, are included. Investors buy shares in OEICs. Professional investment management companies invest these funds in the shares of other companies. As a result, shares in OEICs are less risky than those in the individual companies in which they are invested.
Two types are included: -
- OEICs offering regular contribution plans to help savers build up a shareholding.
- OEICs offering several classes of shares from which investors can make a selection. Each class of shares is invested in different groups of companies. For example, one class might be invested in shares in technology companies, another in, say European companies. These OEICs are called "Umbrella Funds".
All other products we include are known as "packaged products."
These products usually invest in collective investment funds managed by professional investment managers. The investor has a choice of funds. These funds – like the classes of shares in OEICs - usually invest in the quoted shares of many companies. Like OEICs, this reduces the risk of sudden sharp changes in value. Other funds invest in money deposits and fixed-interest bonds. Some products allow investors to hold equities, or even antiques, derivatives and other "exotic" assets.
We have included: -
- Managed Portfolios - Products aimed at lump sum investors
- Regular Investment Plans – Products aimed at regular savers
- Investment Bonds & Other Single Premium Life Products - Life assurance contracts aimed at lump sum investors
- Life Assurance Plans – All life assurance contracts requiring regular contributions, including endowment, flexible life, and assurance-based regular investment plans
What types of Products are excluded?
We have excluded monetary deposits such as bank accounts (they are less suited to investing for more than five years), most shares and interest bearing bonds (they are usually taxed and are better suited to larger, experienced investors), and those packaged products which are only available to residents or nationals of the country where the product is based.
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