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