Overseas companies often register in places like Bermuda, the Cayman Islands, and the British Virgin Islands. The biggest advantage of registering in these locations is that companies can enjoy extremely low or even no taxation, which is beneficial for various financial arrangements. In addition, companies can have high confidentiality and less foreign exchange control. Since investments in these countries or regions are generally exempt from profits tax, companies usually engaged in holding, finance, insurance, and offshore funds tend to choose to register in these tax havens. Moreover, through specific trust arrangements, trust companies can also avoid paying estate taxes.