6. Luxembourg
Being one of the founder members of Europe, Luxembourg has privileged access to the European market that other offshore centers do not have. Even better, it is protected by European economic elites who benefit from its offshore services.
Luxembourg has been a tax haven since back in the 1970s. Its business-friendly laws. And the strong secrecy regulation make Luxembourg one of the most improved tax havens in the world.
Offshore bank accounts in Luxembourg are tax exempt. In addition, long-term capital gains on stocks are also tax exempt if 10% or more of the share is not held.
Since secrecy is another priority in Luxembourg. Thus, all information in offshore bank accounts is regarded as confidential. And it cannot be given out without written authorization from the bank accounts holder. On top of that, anyone who breaks professional secrecy can be put behind bars.
