To understand the definition of an offshore company, we should first understand what a “company” is and what is meant by “Free Zone Offshore Formation”. We can then easily focus on understanding an offshore company in detail and how it relates to the financial industry. We can define a company as any legal entity engaging in legal business activities, such as a proprietorship, partnership, or corporation either public or private. Companies have various rights under the law. Free Zone Offshore Formation is a term that means outside of your own jurisdiction. Across the water is not necessary to provide individuals with the benefits of security that come with managing money in this manner. Generally, Free Zone offshore Formation companies are incorporated in countries with low or zero tax.