Fiduciary

The same as Trustee.

Flight Capital

Money that goes offshore without returning back.

Foreign Corporation

Organized under the laws of a foreign country. The parent company of the corporation may hold some part of shares of the affiliate corporation.

Free Trade Zones

Special zones excluded from the area to which the country's normal regulations apply. More often free zones or free ports exist in high tax jurisdictions, though they may also be found in tax havens. The system which includes free zones or free ports favors export processing and transshipment, there is no need to pay and reclaim customs duties.