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.

References in periodicals archive ?
China has also authorized the China National Offshore Corporation as the Chinese enterprise for each working group.
Creating an offshore corporation to manage finances across borders between the Middle East and other, less experienced regions offers access to a neutral jurisdiction, an up-to-date statutory and regulatory framework and sophisticated courts.
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. The IRS is charged with investigating these tax avoidance techniques to ensure that they don't cross the line to tax evasion.
Depending on the individual's investment goals and the jurisdiction he or she chooses, an offshore corporation may need to be started.
Offshore Corporation Tax receipts for April to September were only [pounds sterling]203m, compared with a six month peak of [pounds sterling]3.3bn in 2011, new figures show.
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., and Plains Offshore Operations Inc.
Britain has the lowest corporate tax rate of any of the Group of Seven industrialized nations, and up until March, foreign investors could avoid paying a 5 percent stamp tax on properties worth more than [pounds sterling]2 million ($3 million) by going through an offshore corporation. The loophole has since been closed, but the tax rate for wealthy foreigners still makes English properties a worthy investment.
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.
We now look forward to signing the farm down agreements with CNOOC (Chinese National Oil Offshore Corporation) and Total in the coming weeks and commence work with them on an accelerated basin-wide development plan that is expected to deliver production well in excess of 200,000 bopd from the Albert Rift Basin.
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