Why are offshore companies popular with it companies?

[Lori1]

I have heard a lot that IT companies actively use offshores. What is the reason for this? What advantages do IT startups and large companies receive by using offshore jurisdictions?

[Olso]

The popularity of offshore companies among IT companies https://www.offshorecorptalk.com/forums/bitcoin-altcoins-cryptocurrency.15/ is explained by their advantages in tax optimization, protection of intellectual property and simplification of international transactions. For example, offshore jurisdictions such as Cyprus or Singapore offer stable legislation and low tax rates, which makes them attractive for startups and large IT companies. However, for the successful use of offshore companies, it is important to comply with the rules of international tax regulation and take into account local peculiarities.