Offshore financial center have become a rage for the savvy investors, seeking better returns and security. The offshore financial center is a jurisdiction that provides the environment and the infrastructure to facilitate opening up of offshore companies in the country and these companies to invest in offshore funds. Some aspects of offshore financial center are as follows: Offshore financial centers are not just meant for the mighty rich and powerful, but also for the not-so-rich as well. The high competition existing in the market has made these centers offer many services to a wide range of customers. The offshore financial centers do not follow any rules and regulations. As such they do not incur much cost, which is given to the customers in the form of higher returns. The offshore banks offer many services that include asset protection, banking, investment, insurance, securities and trade finance. Apart from gaining maximum returns on their investments such as bank deposits, investors can benefit from tax exemptions on securities, cash deposits and other investments. Also, these services provide a wide range of global investment possibilities, thereby providing individuals with an opportunity to diversify their investment portfolio Some examples of popular offshore financial centers providing offshore services include Bahamas, Cayman Islands, Bermuda, British Virgin Islands, Luxembourg and Panama. One of the most reliable and professional financial center is the Panama Offshore Services and Panama Banks in terms of quality of service. Many developed countries are also considered valuable offshore centers that include Germany, Singapore, Switzerland, Australia and Hong Kong.