[header] How to incorporate your own offshore business [title] Understand the benefits of forming an offshore company. [step] Depending on the type of company you form and the location you choose, incorporating in an offshore jurisdiction can significantly reduce or eliminate corporate taxes. Also, many offshore jurisdictions offer privacy, flexibility with business structures and minimal financial reporting requirements. 
[substeps] Technically, the term " offshore " refers to managing, registering and conducting a business in a country other than where you reside. However, it typically refers to doing business in a location where you can expect to receive reduced taxes and increased privacy.