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Jurisdiction (from the Latin ius, iuris meaning law and dicere meaning to speak) is the practical authority granted to a formally constituted legal body or to a political leader to deal with and make pronouncements on legal matters and, by implication, to administer justice within a defined area of responsibility. The term is also used to denote the geographical area or subject-matter to which such authority applies.

Jurisdictions in business

Offshore jurisdictions such as Grand Cayman, the Channel Islands, Bermuda, the Bahamas, and Switzerland offer many similar advantages, including asset protection, confidentiality, and a sensible regulatory environment. Many companies choose offshore jurisdictions for their often favorable tax laws and to maintain anonymity and protect various assets. There are numerous offshore jurisdictions with unique benefits for various business entities.

This page was last modified on 20 November 2020 at 05:57.

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