Companies can choose to incoporate in any jurisdiction they so chooses but choose to operate their offices anywhere else in the world. Many companies in the states have similar examples, feel free to check out this article

https://www.news.com.au/finance/business/why-companies-including-ge-apple-cocacola-and-more-are-incorporated-in-delaware/news-story/2514626edaafdb376e68bfe1a9a50304