Pharmaceutical Industry Overview

Posts Tagged ‘offshore’

The concept “offshore business”  first of all  includes a creation and registration of the offshore company in territorial zones with the preferential taxation. Though the in itself concept “offshore business” has wider value and represents offshore structures of various types, directions and offshore technologies.

The offshore company is the term describing special organizational-legal status of companies which provide the maximal decrease in tax losses (in most cases up to zero). Such status is usually connected with the requirement of carrying out of business operations outside parent jurisdiction where the given company is officially registered. Differently the offshore company in most cases cannot be the resident of the official jurisdiction. From here also there is a term “offshore”, that means ” behind coast ” or “abroad”.

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