What is Legal Terms - Offshore Company?

Offshore Company Information: A US business concern that is organized and incorporated outside of the US is called an Offshore Company or Offshore Corporation. The distinction applies even though all or most of the company's business activities occur inside the US. Many investment companies are organized as Offshore Corporations, offering mutual funds and other financial products. These companies must still comply with US regulations on those operations that occur in the US. The purpose of using offshore corporations may be the perception of less regulation and tax avoidance, or at least tax minimization. Many US companies own offshore corporations and operate them as subsidiaries.