Are offshore companies just for tax evasion?

  Offshore companies are associated with tax havens and shady business dealings. However, the reality is more nuanced. While tax benefits are a factor, offshore companies offer a variety of advantages for legitimate businesses.  An offshore company is a business registered in a jurisdiction outside the owner's home country. These jurisdictions, often islands or small countries, typically offer: Lower corporate tax rates are a significant attraction for businesses looking to reduce their tax burden. Simplified regulations: some offshore jurisdictions have less complex business regulations than developed economies. Confidentiality: offshore companies may offer increased privacy for ownership information. It's important to remember that not all countries with lower corpo

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