For many traditional enterprises, the main reason for registering an offshore company is for tax planning purposes. Now, with the increasing popularity of offshore companies, several more applications have been widely explored.
Along with business people, many professionals working from small home offices (SOHOs) establish offshore companies to facilitate easy partnerships with Alibaba’s e-commerce platform. Alibaba recently launched OneTouch, an export service provider for its international website clients. It acts as an agent for receiving foreign currency, but also exempts clients from agency fees.