An offshore company is a legal entity that is registered in a jurisdiction other than the owner's home country. Offshore companies are often used for international business transactions, to hold assets such as property or investments, or to minimise taxes.
Who uses an offshore company?
Offshore companies are often used by businesses or individuals who wish to minimise their taxes, or to conduct business in a jurisdiction where there are favourable laws and regulations. For example, an offshore company might be used to hold property in another country, or to invest in a foreign market.Back