Privacy is one of the key benefits offered by offshore companies https://www.offshorecorptalk.com/forums/second-citizenship-golden-visa-immigration.69/ . Many jurisdictions prioritize confidentiality by not requiring the disclosure of owners’ or shareholders’ details in public records. This level of privacy makes offshore companies appealing for asset protection and safeguarding personal or business interests. However, maintaining transparency with tax authorities in your home country is crucial to avoid legal complications. While the confidentiality provided by offshore structures can shield your business activities from unnecessary scrutiny, misuse can result in reputational risks or penalties.