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WHAT IS AN OFFSHORE COMPANY? Most business people have heard about offshore companies. However, very few are aware of what these companies are used for and how they differ from other more common corporate entities. In this article, we will introduce the key concepts related to offshore companies and outline some of their unique benefits. First and foremost, it is essential to define the term Offshore. Offshore relates to managing, registering, conducting, or operating in a foreign country, often with financial, legal and tax benefits. Offshore Company is then a company incorporated for the purpose of operating outside the country of its registration and/or the place of residence of its directors, shareholders and beneficial owners. Again, this is typically pursued to realize various financial, legal or tax benefits. (Copied from http://www.unitrustcapital.com/)
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