Offshore Company

An offshore company is a business entity established in a jurisdiction outside its primary country of operation, often in a location with favorable laws, taxes, and privacy protections. Companies choose offshore setups to reduce tax liabilities, safeguard assets, or benefit from simplified regulations. These companies are legal and commonly used by multinational corporations, entrepreneurs, and investors for legitimate reasons such as international trade or estate planning. However, offshore companies can also be misused for tax evasion or illicit activities, so transparency and compliance are essential.