An offshore company is a business established outside the country in which the owner lives and pays taxes. The offshore company can be established in one or more countries and the main reasons for creating an offshore company in Cyprus are asset protection and tax reduction.
Panama is one of the countries with extraterritorial tax treatment which makes it attractive for the formation of Offshore companies...
In the world economic scenario, it is increasingly highlighted that the largest and most important economic operations are carried out between multinational companies.