Some countries and regions (such as BVI, Samoa and Cayman etc.) have formulated some especially loose tax systems to attract worldwide investors coming to those countries for company incorporation. This kind of company is generally is not subject to any tax, except an annual license fee. Meanwhile, all international banks accept this kind of company formation and provide bank account opening and financial operation services. Some offshore company registration can also be listed in other countries or regions.
An Offshore company is different from a general limited company mainly with regard to tax revenue; that is, revenue from an Offshore company is not subject to any tax payment, nor to any tax declaration, and the shareholders' information, shareholding percentage and revenue status are entitled to high confidentiality. For a summary of various Offshore companies, see the
Acting as a holding company
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