What's the point of opening onshore/offshore corp. if we have EMI?

[mijicegi]

What's the point of opening offshore corp. if we already have EMI?
I mean if we just need to get payments from companies and cash out why people still need to create company? isn't the EMI enough?

 

[TurnedToRobot]

Because you get an additional layer of privacy by setting up a company that is going to setup the EMI or bank account. People that only hold private EMI accounts for business purpose risk account freezing and much more.

 

[James Turner]

There is a general lack of privacy in EMI’s and banks and as @darkster states, the company provides additional layers of confidentiality and complexity to the situation to provide privacy.