An offshore company, or to register offshore, is when a company is registered outside of the primary country of operation. Offshore company registration is generally organised within a favorable offshore jurisdiction, referred to as an offshore financial center. The reasons for offshore company formation includes: Favorable taxation, tax planning, asset protection, favorable trading conditions, and double taxation treaties. Forming an offshore company allows for various economic, financial and political benefits to be enjoyed within the chosen offshore jurisdiction. The main advantages of offshore company formation include high levels of privacy and confidentiality, excellent asset protection, favorable company law, effective tax planning and low business risks. Depending on the selected offshore jurisdiction, a company can be protected from lawsuits and creditor claims and can take advantage of the country's trading conditions and double tax treaties.