What are offshore companies most commonly used for?

Offshore companies are most commonly used for offshore banking to conduct international trade, investment activities, by professionals and for asset protection. Offshore companies can be involved in buying and selling goods and services, hold bank accounts and operate businesses. Offshore companies are also commonly used for the ownership of real property and land; for ownership of intellectual property, licensing and franchising; personal service by individuals working overseas and offshore e-business. These are just some examples. The offshore IBC may be used in many other ways to save on taxes and depends only on your imagination.

Tags: offshore companies professionals bank accounts businesses intellectual