What is an Offshore Company and Offshore?

The problem of optimizing the tax concerned humanity for many centuries. Offshore business, just not a new invention.
It has its origins in the late nineteenth century in England, based on case law concerning the taxation of foreign residents.

In English «offshore» means "outside the bank." Both variants of spelling the word "offshore" and "offshoring" are used and are considered equally valid. Both versions have two choices of interpretation.

In a broader sense, offshore - a tool for doing business by which you can legally do not pay taxes or to reduce the tax deductions to a minimum, thereby significantly reducing costs and significantly increase profitability.

In a narrow sense - is a company registered in the country whose laws do not allow to pay taxes and do not take any financial statements subject to certain rules. Basically, this is a ban on doing business within the country, providing service to offshore, with the company's management must be well outside the country.

Offshore areas - these are countries that allow its territory to register offshore companies, ie means any State or part thereof, where non-resident companies provide a special regime of registration and activities. However, in order to attract investment, some jurisdictions define the status of offshore companies registered in the only well-defined countries.

The offshore zone - it's mostly small island states, which seek to increase their income from fees for registration and re-registration of offshore companies, tax revenues, fees for the maintenance of their official offices (secretarial offices) zone.