Tag Archives: business
Numerous companies have been setting up offshore operations. Due to economical reasons, multinational companies (MNCs), small to medium sized (SMEs), are based offshore. Companies start to outsource since it has been proven to be less costly. There are a lot of reasons why businesses choose to incorporate offshore companies such as low taxes, lesser cost of living, ease of company formation, etc. Tax rates, laws, regulatory requirements and economic expenses also vary from country to country.