LiveOffshore - Liberty, Financial Privacy, and Economic Freedom

Offshore Companies

Offshore companies are businesses that are incorporated outside of the country of residence.

Purposes of offshore incorporation include:

1. Privacy
2. Asset protection
3. Tax savings, tax mitigation, and tax deferral
4. Protection from lawsuits
5. More flexible business law
6. Enhanced privacy and confidentiality
7. International business such as captive insurance, international marketing, and international shipping

Offshore companies may be used to own and operate businesses, issue shares, bonds, and use other means to raise capital.

Many offshore jurisdictions will not disclose the owner's names to a third party or foreign government with the exception of criminal activity.