There're 2 concepts implemented for any global bank and corporation cooperating with customers who aren't residents.
1. Registering an offshore company in LLC form in classic offshore environments.
2. Enterprises located outside owner's jurisdiction or not in the country where main commercial-activities, offices and representative offices are located.
Offshore Expertise at Your Fingertips
If you aim at second term deciding as for company incorporation, then any establishment of foreign-company may be called incorporation offshore. But if we take a greatly familiar concept for businesspersons, then offshore-company will be an overseas structure that, due to its location, can use different tax-credits and simplistic rules for reports, confidentiality-keeping, etc. Privacy options are especially important for industries related to activities that aren’t sufficiently regulated in several states, or with high risks. This, in particular, includes the gambling industry and the licensing of cryptocurrency companies.