cryptohunter
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No, offshore companies are not illegal to set up. However, they can be subject to certain laws and regulations in both the jurisdiction of incorporation and the owner's home country. It is important to ensure that the offshore company is set up and operates in compliance with all relevant laws and regulations.
Additionally, some countries have strict laws and regulations regarding offshore companies and it may be necessary to seek professional advice to ensure compliance. Misuse of offshore companies, such as for illegal activities such as money laundering or tax evasion, can result in criminal penalties.
Additionally, some countries have strict laws and regulations regarding offshore companies and it may be necessary to seek professional advice to ensure compliance. Misuse of offshore companies, such as for illegal activities such as money laundering or tax evasion, can result in criminal penalties.