Offshore company formation, which entails forming a business entity in a foreign jurisdiction, is becoming more common for businesses looking to increase market share and boost revenue.
Advantages of forming an offshore corporation include improved privacy, asset protection, and tax savings.
Offshore companies can take advantage of low or nonexistent tax rates, protect assets from risks, and benefit from higher levels of privacy and secrecy.
Forming an offshore business can also provide opportunities for foreign investment, access to new markets, and reduced regulations.