offshore corporation

offshore corporation

n. a corporation chartered under the laws of a country other than the United States. Some countries (particularly in the Caribbean) are popular nations of incorporation since they have little corporate regulation or taxes and only moderate management fees. Professional trustees and nominal officials in the country of incorporation perform routine contacts with the local government, but take no active part in management. The reasons for the use of offshore corporations are best known to the incorporators, but may include avoidance of taxes, ease of international operations, freedom from state regulation, and placement of funds in accounts out of the country.

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The rule, which was introduced by former chancellor George Osborne and came into force in 2013, exempts multinationals from anti-tax avoidance measures and allows them to shift a portion of their taxable income to an offshore corporation, or "controlled foreign company".
Another technique involves transferring assets to the offshore corporation.
Depending on the individual's investment goals and the jurisdiction he or she chooses, an offshore corporation may need to be started.
Dalian Shipbuilding Industry Offshore Corporation (DSIC) will deliver the two newbuilds during the second and third quarters of 2016 respectively.
Villar's husband, outgoing Senator Manny Villar, made headlines after he was reported as one of the personalities who allegedly owned a secret offshore corporation in the British Virgin Islands (BVI).
Offshore Corporation, Apache Deepwater Development LLC, Exxon Mobil Corporation, Eni Petroleum US LLC, Petrobras America Inc.
Actually, it comprised the epilogue, though one should not thereby assume that "Looking for Headless"--an investigation of the offshore corporation Headless Ltd and its possible cloak-and-dagger correspondence with Georges Bataille's secret society Acephale (from a-cephalus, or "headless"), told in part through a novel (in addition to a blog, lectures, interviews, and even rumor)--is complete.
Union bosses want the government to look into the safety of the scheme in the event of the offshore corporation selling on Telent.
has told the client that he or she has an offshore corporation that does not pay tax on its income (because it is not a U.
Remember: the agent has been trained to specifically perform the Offshore Corporation Credit Card audit.
The home in the exclusive Mariner Village, on a 6-mile-long barrier island near Vero Beach, has been sold to an offshore corporation, but the real buyer is Simpson, the New York Post said Saturday.
More often than not a domestic corporation holds the real estate and the domestic shares are owned by the offshore corporation," he explained.
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