What is an offshore company?
“Offshore companies” refers to companies formed outside of the home country of the clients, simply put, companies formed in “foreign countries”. An offshore company has a variety of uses and benefits for clients wishing to engage in international financial trade and investment activities. Depending on the specific offshore jurisdiction, an offshore company may have the following features and advantages: Ease of Incorporation, Minimal Fees, No Foreign Exchange Controls, High Confidentiality, Tax Benefits, and others.
It should be worth noting that as companies formed in no or low tax jurisdictions are generally the most often used offshore companies, “offshore companies” are often synonymous with companies of no tax jurisdictions.