There are many advantages if you are interested in an offshore company formation. The main one is that there are considerable savings to be made in tax, for people working in countries that offer high earning potential this is a major benefit. There is also more privacy and confidentiality with an offshore account. If you don’t want people to know you are the owner of company for any particular reason it is possible to select others on your behalf to have their names listed for the company. This, of course, won’t affect the control of your business at all. Your operating costs will be lower with less bureaucracy to deal with and added to all these benefits, your personal wealth will grow.