What distinguishes an offshore company from an onshore company?

A non-resident company that does not pay taxes, provides anonymity and confidentiality, and does not complete accounting records is in fact an offshore company. However, it requires three main criteria: 1) your company is registered in a country that does not represent your nationality. 2) your offshore company is registered in a jurisdiction in which you do not pay tax. 3) your business activities with any other company in the jurisdiction in which you have established your offshore company must be formalized. An onshore company is generally located in a jurisdiction where taxes are more attractive, such as Georgia. Taxes are levied, accounting is required, but the adaptability of the tax system is generally very profitable. You must propose three trade names. We search the local trade register to check availability, and you get the results within 24 hours.