Offshore company incorporation
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An offshore company is usually called a company created for the purpose of carrying out activities outside the country of its registration. This means that such a company may be registered and operated outside the country of the person or business. This can be especially helpful when it comes to legal, financial or tax incentives. Also, a company can legally move offshore to take advantage of relaxed rules or, in other words, to take advantage of international law. This is also the main reason why businessmen decide to set up companies abroad. https://www.confiduss.com/en/info/blog/article/company-incorporation-offshore/
As far as I know, offshore companies exist in order to avoid paying taxes in your own country. That is, if you have a business in one country, then through an offshore company you register it in another country, where taxes are significantly lower. Although this may not bother most citizens. I found a cool tool that allows me to calculate the VAT https://vatulator.co.uk/ on the goods I purchase. It’s very simple, useful and convenient. Worth your attention.