An Offshore Company refers to a corporation, Limited Liability Company (LLC) or similar class of entity formed in a foreign country to that of the principals of the organization or one that can only operate outside of its country of formation. From the standpoint of the principals of the company, it is a company that has been filed outside of the country where its principals (officers, directors, shareholders, members, partners) reside. From within its country of formation, it is a company that has been formed for the purpose of operating outside of the jurisdiction where it was originally filed.