What is an Offshore Company?

An Offshore Company can be simply defined as a corporate entity that rarely conducts business in its country of origin.

Offshore Companies are normally formed in a jurisdiction where taxation is much lower, and reporting restrictions far more flexible than the country in which you reside.

Other common names for this type of company are :

  • Non-resident Company
  • International Business Company
  • International Business Corporation

Benefits of an Offshore Company

The various advantages to forming an Offshore Company are :

  • Reduced tax liability
  • Fewer reporting requirements
  • Asset protection
  • Holding Companies
  • Property-owning Companies
  • Intellectual property & other rights
  • Family wealth protection
  • Probate
  • Internet trading