International Financial Services Centres (IFSCs) seek to incentivise businesses or institutional investors to base themselves in those Centres, which may be based within a country or a territory. They seek to do this by offering benefits such as advantageous tax treatment or flexibility of permitted structures; but they must also provide an expert range of service providers such as lawyers and accountants and good quality infrastructure, particularly for travel and communications. These benefits only attach to those entities which are based in the Centre which may be defined as a physical location, or who are categorised as eligible to be treated as based in an IFSC.
It has become increasingly popular for countries to seek to develop such centres; in recent years Cadogan Financial has advised on aspects of IFSC regimes in Botswana, Estonia, Kenya, Rwanda and Turkey.
