offshore corporation

Definition of "offshore corporation"
  1. A business entity formed in a foreign nation, often for tax advantages, easier international transactions, regulatory convenience, and financial discretion
How to use "offshore corporation" in a sentence
  1. The multi-millionaire decided to establish an offshore corporation to streamline his international operations.
  2. With an intention to avoid heavy taxes, the large tech company set up an offshore corporation in the Caribbean.
  3. The offshore corporation allowed them to place their funds in accounts outside their home country.

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