Offshore companies often offer lower taxes or even tax exemptions depending on the jurisdiction. These companies are used primarily for asset protection and tax minimization. For small businesses or individual entrepreneurs, an offshore company might make sense if you’re looking to operate in a low-tax environment or need privacy. However, setting up an offshore company requires careful planning to ensure compliance with both local and international laws. Keep in mind that some jurisdictions offer more favorable tax structures than others, and they may also provide benefits such as no capital gains tax or sales tax. To gain more insights into tax advantages and how to optimize them for your business, visit Offshore Company Formation, where experienced entrepreneurs discuss their real-world tax-saving strategies.