Setting up an offshore company is a great entrepreneurial opportunity.
Most people wrongly assume that offshoring is an illegitimate means of hiding assets from authorities, but in fact, offshoring and setting up offshore companies is absolutely legal.
Setting up an offshore company makes it simpler for individuals and businesses to invest, travel and live abroad as there are fewer regulations they need to comply with. It is a brilliant strategy that has stemmed from the growing popularity of globalization and doing business beyond borders. Forming offshore companies allows people to save up to tens of thousands of dollars in taxes and lets them live a more relaxed life free of intense regulatory requirements.