To cater for their highly-respected institutions and large international client bases, international financial centres are home to some of the most sophisticated legal, financial, and accounting professionals in the world.
The leading law firms in the British Overseas Territories and Crown Dependencies form a Offshore Magic Circle, with exacting standards just like London’s onshore Magic Circle. Due to these jurisdictions British-inspired laws, firms based in IFCs often have their choice of English-qualified legal professionals, as well as those around the world that specialise in offshore law.
The same is true of accounting, auditing, consulting, and other professional services firms based in offshore centres. The Big Four auditors all have large presences in each of the IFCs, providing a range of services that rival services available in business centres onshore. A number of other more specialist providers also exist that cater for the specific needs of offshore centres.
Offshore centres are also home to world-leading trust and corporate service providers (TCSPs), which specialise in incorporating and providing services to companies, including compliance, company management, bank account services, and so on. IFCs have the most stringent regulatory compliance in the world, making sure these CSPs abide by the highest standards.