What are the benefits of an offshore company?

I believe that one of the reasons why setting up an offshore company is attractive to experienced business owners, for example, is the UK's largest network of double tax treaties, check https://www.offshorecorptalk.com/. With this network of over 100 agreements worldwide, UK companies can be a very effective means of minimizing withholding taxes on dividends received. Even better, setting up an offshore company is quite simple, so there is a lot to gain and very little pain.