Offshore company

Offshore company is a structure whose legal headquarters are located in offshore jurisdictions or tax havens.

Offshore companies offer great fiscal benefits as long as the company’s work is not carried out in the country where the offshore company is registered.

An offshore company is thus a company incorporated for the purpose of operating outside the country of its registration and / or the place of residence of its managers, shareholders and beneficiaries. Again, this is usually in order to take advantage of various financial, legal or tax benefits.

Offshore or offshoring is a term that literally means “at sea, away from the coast”, but is commonly used in various fields to indicate the relocation of a resource or production process.

An onshore company is a company that is registered in a country that is not considered a tax haven, for example: United Kingdom, Spain, France, Bulgaria, etc…

Accordingly an onshore company has a legal structure that allows full or partial exemption from taxes.

Onshore companies are the most appropriate option for business activities within the European framework. In fact, any European citizen has the right to create an onshore company within the territory of the European Union, as long as it is appropriate to the activities they are carrying out, taking advantage of double taxation treaties.

In May 1992, the Treaty of Rome was rectified in Maastricht, guaranteeing the freedom of movement of goods, people, capital and services.