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⍰ ASK Are offshore companies considered MNCs (multinational corporations)?

An offshore company can be considered a multinational corporation (MNC) if it has operations in more than one country. MNCs are corporations that operate in multiple countries and have a significant presence in at least two countries.

An offshore company can meet this definition if it has a significant presence in its home country and in another country, such as through subsidiaries, branch offices, or other forms of business operations. The specific definition of an MNC may vary, but the general principle is that the company has a significant and sustained business presence in multiple countries.

It is worth noting that the use of an offshore structure does not inherently make a company an MNC. The company must have a significant and sustained presence in multiple countries to meet the definition of an MNC.
 

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