[italkcash]

It is said that 60% of all wealth in the world is currently held in offshore destinations such as BVI, Cayman Islands and Panama. Hedge Funds, large corporations avoiding tax are holding all their excess savings there for hard times and simply because they are not taxed by anyone for holding large sums of money in an Offshore Company.

That said, anyone operating in multiple countries in their right mind would setup an offshore company in a jurisdiction that fits their needs. For instance Panama has a high security regarding the anonymity of their foreign countries. Panama's law does not allow agents to give out information about foreign corporations, as they can risk both jail and huge fines.