General Knowledge About Offshore Companies
What is the purpose of the offshore company?
There are two main purposes. The first is tax reduction, avoidance or deferral. The second is asset protection and confidentiality. Both reasons stand apart. Some offshore companies actually do not pursue any tax-reduction purpose at all, but mostly serve as a protective shell for some part of the assets of the owner. More often, though, both reasons complement each other. For more information, please see our Offshore Knowledge Base section.