Offshore companies are companies registered in a country without carrying out any economic or trade activity. It is also called non- resident companies.
These companies are controlled by foreign individuals or companies that operate in any other country of world but they use the foreign country as the company legal address.
Offshore companies are subject to very favorable legal and tax regulations. Usually, the country which is an incorporated society has special treaties with the target countries of society, or they can be simply free of corporation tax and/or other usual taxes applied in most countries, as the value added tax ( VAT ) , economic activities tax or payment of social contributions.
We recommend the creation of a corporation or foundation to minimize their tax exposure.