offshore corporation
A corporation chartered under the laws of a country other than the U.S. that does not conduct substantial business in its country of incorporation. Some countries (particularly in the Caribbean) are popular nations of incorporation since they have little corporate regulation or taxes and only moderate management fees. Reasons to use an offshore corporation may include avoidance of taxes, ease of international operations, freedom from state regulation, and placement of funds in accounts out of the country.
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.

Nolo’s Plain-English Law Dictionary. . 2009.

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.

Law dictionary. . 2013.

Look at other dictionaries:

  • offshore corporation —    A corporation that is chartered under the laws of a country other than the United States. Some countries (particularly in the Caribbean) are often used as places of incorporation because they have little corporate regulation and low tax rates …   Business law dictionary

  • Offshore investment — is the keeping of money in a jurisdiction other than one s country of residence. Offshore jurisdictions are a commonly accepted solution to reducing tax burdens levied in most countries to both large and small scale investors alike. Poorly… …   Wikipedia

  • Offshore Oil Engeneering — Offshore Oil Engineering Offshore Oil Engineering Siège social Tianjin …   Wikipédia en Français

  • Offshore software R&D — is provision of software development services by an external supplier positioned in a country that is geographically remote from the client enterprise; a type of offshore outsourcing. In this context, it refers to the offshore development phase… …   Wikipedia

  • Offshore Oil Engineering — Siège social  Tianjin ( …   Wikipédia en Français

  • Offshore company — The term offshore company is ambiguous. It may refer to either: A company which is incorporated outside the jurisdiction of its primary operations regardless of whether that jurisdiction is an offshore financial centre (sometimes known as a non… …   Wikipedia

  • Offshore financial centre — Many leading offshore financial centres are located in small tropical Caribbean countries. An offshore financial centre (OFC), though not precisely defined, is usually a small, low tax jurisdiction specializing in providing corporate and… …   Wikipedia

  • Offshore fund — An offshore fund is a collective investment scheme domiciled in an Offshore Financial Centre such as the British Virgin Islands, Luxembourg, or the Cayman Islands; it is typically sold exclusively to foreign investors (those not of the domestic… …   Wikipedia

  • Offshore Super Series — The Offshore Super Series (OSS) is an offshore powerboat racing organization founded in December 2003 by 30 of the top offshore race boat teams in the USA. The teams were dissatisfied with the way their sport was going. Before the founding of OSS …   Wikipedia

  • Quasi-foreign corporation — A quasi foreign corporation (also known as a pseudo foreign corporation) is a corporation incorporated in a jurisdiction with which it has minimal business contacts. Corporations may incorporate in foreign jurisdictions in order to minimize… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”