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<span class=headline><span>About
offshore </span><br>
<br><br>
<span class=para1>The term ‘offshore’ has often been used to describe the location
outside of the UK (offshore), but many locations are now referred to as ‘offshore’
and are located anywhere in the world, and have no association with the UK. </span><br>
<br>
<span class=body>The words ‘offshore’ or ‘offshore business’ have no real legal
or tax meaning, and are now used to describe the location of individuals away
from their usual place of residence, which can also be referred to as ‘overseas’. <br><br>
Here at
Ancroft, the terms ‘offshore company’ or ’offshore entity’ are used in
corporate structuring of international business affairs of individuals or
companies. The terms describe the entities, the owners of which are non-resident and
whose profits are derived from transactions arising outside the territory
of their jurisdiction and tax residence. </span>
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