Offshore Tax Advice
An offshore company is set up to conduct its business in a country it is not in resident to. Hence, it follows another country’s jurisdiction. With the country’s jurisdiction comes a set of tax requirements that will require guidance. Offshore tax advice is vital to navigating through understanding a country’s tax process and jurisdiction. Doing so will avoid being charged with tax evasion, which is a criminal offense.
Offshore companies work this way. A company conducts its business in Country A. Then, the owner sets up a company it is not in the residence of, which is country B. That offshore company follows the legal business structure under the jurisdiction of Country B. That means that the company is operational in Country A, but...