What is a Jurisdiction?

Jurisdiction refers to a jurisdiction. This is a territory with its own laws under the control of its own court system and government, which are different from other territories. Effectively, we mean a different country, but since offshore financial centers primarily offer different laws, courts and governments, it is common in international business to refer to Jurisdictions instead of countries.

You can find more and further information in our Lexicon/Glossary or in the IBC Act.