Category Archives: Company Offshore Formationsssss

An offshore company works as a corporate entity that is allowed to trade, hold assets and conduct normal business activities legally outside of the jurisdiction where it is incorporated.
Offshore countries offer tax exemption to companies that move to or are incorporated within the jurisdiction if they limit their transactions and dealings to outside of the country’s borders.
Companies that are formed in such jurisdictions are non-resident because they do not conduct any financial transactions within their borders and are owned by a non-resident.