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About offshore


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.

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’.

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.




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