Define: Offshore Company

Business, Legal & Accounting Glossary

Definition: Offshore Company



Advertisement



Full Definition of Offshore Company


An offshore company is a company that is incorporated in a foreign nation. Typically, an offshore company does not conduct most of its business in a country where it is officially based. An example of an offshore company would be a corporation that is formally headquartered in Mexico but carries out most of the operations in the United States. Thus, in most cases, an offshore company will be run and managed by the nationals of the country which comprises its primary market or constitutes its main base of operations. Most prominently, offshore company structures are established in order to benefit from loose government regulation and low taxation. For those very reasons, a domestic company may often move offshore to become an offshore company. An offshore company is also referred to as a non-resident company.


Advertisement




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/offshore-company/
Modern Language Association (MLA):
Offshore Company. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 08, 2020 https://payrollheaven.com/define/offshore-company/.
Chicago Manual of Style (CMS):
Offshore Company. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/offshore-company/ (accessed: April 08, 2020).
American Psychological Association (APA):
Offshore Company. PayrollHeaven.com. Retrieved April 08, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/offshore-company/

Definition Sources


Definitions for Offshore Company are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 7th February, 2020