What are Offshore Companies most commonly used for?

Offshore companies are most commonly used for offshore banking, to conduct international trade, investment activities by professionals and for asset protection. Offshore companies can be involved in buying and selling goods and services, hold bank accounts and operate businesses. Offshore companies are also commonly used for the ownership of real property and land; for ownership of intellectual property, licensing and franchising; personal service by individuals working overseas and offshore e-business. They are also tax efficient.

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