What is an offshore company?

An offshore company is a limited liability entity, used by both corporate and individual clients, to perform specific business activities whilst ensuring tax efficiency.  As such the company has the option to sell shares, the right to sue and be sued, and exists indefinitely.

An IBC (International Business Company) is the most popular type of offshore corporation for asset protection and privacy purposes.  An IBC is usually a tax-exempt corporation that can do business all over the world except in the country where it has been incorporated.  Popular IBC jurisdictions among others include the Jersey, Guernsey, Seychelles, BVI, Cyprus and Mauritius.