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Creating an offshore company brings a number of advantages including privacy protection and tax benefits, as well as facilitating international trade and offshore banking.
Offshore companies can also be used for business in the same way as onshore companies
An International Business Company or Corporation (IBC) is a business that has been incorporated in a tax haven and is essentially the same entity as an offshore company. Offshore companies can also be referred to as ‘non-resident’ companies or corporations
Many jurisdictions will not allow offshore companies to do local business. Most, however, will allow you to open a bank account and hold your company meetings there.
The time to create an offshore company varies between jurisdictions and ranges from just 24 hours to two weeks.
Ready-made or shelf companies are already named and can be processed within one business day.
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