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The function of a corporation charter is to establish the basic elements for an incorporated business enterprise. For example, a corporation charter sets forth the activities the corporation intends to engage in once established.
The term offshore company or offshore corporation is used in at least two distinct and different ways. An offshore company may be a reference to: a corporation or other type of legal entity which is incorporated under the laws of a different country than in the jurisdiction of incorporation, and/or which statutory seat may not or does not deploy economic activities, and of which the actual beneficiary resides in another country than where the offshore company has its legal seat. a company or