An offshore company formation with the help of MolyBank is a smart way of doing business. Even though there are many legitimate businesses at offshore locations, there is a negative stereotyping attached to it as to offshore businesses are done for tax deductions and hiding shady businesses. Whatever the stigma might be, more and more businesses are into offshore sector mainly due to the following reasons:

* It is often difficult to determine and keep business assets anonymous. But offshore business provides confidentiality and privacy to business and assets.

* Offshore company doesn’t tie assets to the owner. This will make you immune to any legal judgments and potential lawsuits.

* Various jurisdiction offer different tax benefits. A wise choice will lead to right decision which can save significant amount in tax returns or even provide complete tax deduction.