An offshore company is a company that is registered in a jurisdiction other than the country in which it operates. The main advantages of setting up an offshore company are: 1) Tax benefits – Offshore companies are often taxed at lower rates than domestic companies. 2) Asset protection – Offshore companies can be used to protect assets from creditors and lawsuits. 3) Confidentiality – Offshore jurisdictions have strict confidentiality laws that make it difficult for outsiders to obtain information about the company.
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