Offshore business and offshore company are the words with no definite legal or general meaning. In plain words, offshore means “anywhere other than the place of physical location of the person using this word”, in other words – overseas.
Offshore business and company are mainly used in relation to the subjects such as structuring of international business and family fortune management. Utilization of international corporate or fiduciary trust structures has many reasons and advantages.
Offshore Company Formation
is commonly used for structuring of international business and tax planning. Companies incorporated in ‘tax haven’ countries offer individuals and businesses little or no tax liability which include company formation centers.
Companies registered in many onshore countries with laws which enable systems that are tax favorable for specific international purposes. Although the world of offshore was presented by the media as black-and-white world, it is far more complex. The offshore business includes both tax havens and onshore high tax jurisdictions striving against others to attain international companies and individuals with all methods of regulations and opportunities.