An offshore company is defined as a company that is incorporated in a jurisdiction that is other than where the beneficial owner resides. In other words an offshore company is simply a company that is incorporated in a country overseas in a foreign jurisdiction.
An offshore company definition, however, is not something fixed but will have varying definitions depending upon the circumstances. The term “offshore” is what often appears confusing to most people and is used in contrast to traditional “onshore” companies.
While an onshore company refers to a domestic company exists and functions within the borders of a country, an offshore company in comparison is an entity that conducts all of its transactions outside the borders where it is incorporated. Because it is owned and exists as a non-resident entity it is not liable to local taxation as all of its financial transactions are made outside the boundaries of the jurisdiction.
The British Virgin Islands, British overseas territory in the eastern Caribbean Sea...
The Cayman Islands, island group and overseas territory of the United Kingdom in the Caribbean Sea...
The Cayman Islands, island group and overseas territory of the United Kingdom in the Caribbean Sea...
Isle of Man is one of the British Isles, located in the Irish Sea off the northwest coast of England...
Marshall Islands is a country in the central Pacific Ocean. It consists of some of...
Saint Kitts and Nevis, officially Federation of Saint Kitts and Nevis, also called Saint Christopher and...
New Zealand, Maori Aotearoa, island country in the South Pacific Ocean, the southwesternmost...
Saint Vincent and the Grenadines, island country lying within...
Saint Lucia, island state in the Caribbean Sea. It is the second largest of the Windward group in the Lesser...
Seychelles, island republic in the western Indian Ocean, comprising about 115 islands, with lush...
Madeira Islands in Portugal comprises two inhabited islands, Madeira and...
Turks and Caicos Islands, overseas territory of the UK in the West Indies. It...
United Kingdom, island country located off the northwestern coast of mainland...
Ask questions about citizenship planning, offshore banking, company formation, asset protection and related topics.