formation of offshore company, legality , other aspects

[pkc3000]

Each year an increasing number of investors around the world are attracted by international financial centers to establish business in a form of an offshore company,offshore trust,offshore MF,offshore insurance company,an offshore bank a/c or even start their own offshore bank. Around 60% of world's money is held on offshore account by using offshore company or offshore trusts and around 50% of world's trade in goods are transacted through various offshore jurisdiction . As the years have progressed, the application of offshore services a/w number of offshore jurisdiction offering such benefit. Offshore companies are not illicit hideways from tax authorities as sometimes presented.In simple terms an international business or offshore company is usually normal limited liability company which is used as a tool by corporation.