Offshore Corporation Definition
Offshore Corporation
DEFINITION
Offshore corporations are legal entities which are incorporated or registered in a foreign country for tax havens. Corporations engage in offshore manufacturing or business services. Ireland has become very popular for American corporations to save money on taxes. Low corporate tax rates, loopholes and designed to encourage transnational businesses to relocate – often only on paper. Corporate America has been keeping the money overseas because through legal loopholes corporations can defer US taxes continually so long as income is not repatriated to the US.
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Terri J Lee S.
Arizona Member
I originally joined LegalShield because I wanted to get my will completed. However, I have kept my membership because of the value it provides. I feel good knowing that if I have a legal question or if I need help with a legal document, I can contact LegalShield. I would highly recommend this company, and in fact, I have referred some of my friends and family members
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Anthony L.
Texas Member
It was awesome! The Provider Firm that I spoke to was great and the cost of this service is great, too. My wife, kids and I have a Provider Firm in the palm of our hands. For $24.95/mo., the investment is well worth it.
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