Friday, February 20, 2009

Today's Fly Or Die Commerce Report: Offshore Corporations

An offshore corporation is a business that has filed its articles of incorporation in a country other than the one where it carries out most of its business, and other than where most of its principal officers reside and work.

This is usually done because the corporate regulations are less stringent in the chosen chartered country. Also, doing this may make it easier for a corporation to operate internationally.

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