Usually known as low-tax jurisdictions specialising in providing corporate and commercial services to non-resident offshore companies and individuals that aim to avoid or evade taxes, and for the investment of offshore funds. This is often combined with a certain degree of secrecy (see more on secrecy in the Financial Secrecy Index). ‘Offshore’ can be used as another word for tax havens or secrecy jurisdictions.  Offshore jurisdictions are sometimes divided into ‘sinks’, which are jurisdictions that attract and retain foreign capital, and ‘conduits’, which function as intermediates between source countries and sinks by enabling the transfer of capital without taxation.