In general, a tax haven is a country where taxes are either collected at a low rate or not at all. Well-known examples are Panama, Belize, the Seychelles, the Cayman Islands, the Isle of Man and Hong Kong. It is widely recognized that in today's dynamic business environment, where many countries are working together to create an intergovernmental tax enforcement regime, it is becoming increasingly difficult to achieve your corporate and personal goals. Reducing the amount of taxes applied and ensuring confidentiality are not the only benefits of starting an international business in tax-friendly territory. Although tax planning is one of the main advantages of certain international companies, the opportunity to significantly reduce business expenses and maintenance costs is also a very attractive benefit.