Hi,
For many it is difficult to figure out why they should Incorporate Offshore! Below is a list of countries considered to be Offshore jurisdictions:
What is IBC?
International Business Companies ”“ IBC
A term used to define a variety of offshore corporate structures. Common to all IBC's are the dedication to business use outside the incorporating jurisdiction, rapid formation, secrecy, broad powers, low cost, low to zero taxation and minimal filing and reporting requirements. An increasing number of offshore jurisdictions are permitting the use of nominee shareholders, directors and officers.
Now what are the most known offshore jurisdiction to incorporate offshore?
Cayman Islands
You know it from movies and you know it from everyones lips 🙂
The Cayman Islands consist of a group of three islands in the Caribbean. The main island- Grand Cayman- is situated at approximately 1100km south of Florida. The three islands have a total area of 260km?, the Grand Cayman by itself having an area of 200km? . The population of all three islands is of approximately 30 000 inhabitants most of which reside on Grand Cayman where the capital, Georgetown, is located.
The Cayman Islands are a British colony and the United Kingdom retains the right to legislate. They have a special statute that has allowed them to become an important Offshore Financial Centre where all the big banks are established or represented for years. In this jurisdiction there are no income tax or currency exchange controls. Approximately 50 000 companies, 450 to 500 insurance companies ( most of which are captive of great International groups ) and between 600 and 700 offshore banks are incorporated in The Cayman Islands. The islands are an appealing jurisdiction to open offshore banks.
What other offshore jurisdiction?
Seychelles
The Seychelles to Incorporate Offshore has been mentioned a hundred times here on the forum, hower, read on 😉
Seychelles International Business Companies are useful alternatives to offshore companies established in jurisdictions such as the British Virgin Islands. In December 1994 the Seychelles enacted legislation enabling the registration of International Business Companies, International Trusts and the licensing of International (free) Trade Zone Companies. More recent legislation covers the licensing of offshore banks, offshore Insurance, mutual funds activities and the regulating of a securities industry. The new laws were a result of intensive studies of long established offshore jurisdictions and world-wide trust legislation.
Hope you enjoy reading and that it may help you in the effort to seek your goals 😎
Toggle signature
No matter what the level of ability, you have more potential than you can develop in a lifetime.
For many it is difficult to figure out why they should Incorporate Offshore! Below is a list of countries considered to be Offshore jurisdictions:
- Anguilla
- Bahamas
- Belize
- Bermuda
- British Virgin Islands
- Cayman Islands
- Cook Island
- Cyprus
- Gibraltar
- Guernsey
- Hong Kong
- Ireland
- Isle of Man
- Jersey
- Labuan
- Liechtenstein
- Luxembourg
- Madeira
- Malta
- Marshall Islands
- Mauritius
- Montenegro
- Nevis
- Niue
- Panama
- Samoa
- Seychelles
- Singapore
- Switzerland
- Turks and Caicos
- Vanuatu
What is IBC?
International Business Companies ”“ IBC
A term used to define a variety of offshore corporate structures. Common to all IBC's are the dedication to business use outside the incorporating jurisdiction, rapid formation, secrecy, broad powers, low cost, low to zero taxation and minimal filing and reporting requirements. An increasing number of offshore jurisdictions are permitting the use of nominee shareholders, directors and officers.
Now what are the most known offshore jurisdiction to incorporate offshore?
Cayman Islands
You know it from movies and you know it from everyones lips 🙂
The Cayman Islands consist of a group of three islands in the Caribbean. The main island- Grand Cayman- is situated at approximately 1100km south of Florida. The three islands have a total area of 260km?, the Grand Cayman by itself having an area of 200km? . The population of all three islands is of approximately 30 000 inhabitants most of which reside on Grand Cayman where the capital, Georgetown, is located.
The Cayman Islands are a British colony and the United Kingdom retains the right to legislate. They have a special statute that has allowed them to become an important Offshore Financial Centre where all the big banks are established or represented for years. In this jurisdiction there are no income tax or currency exchange controls. Approximately 50 000 companies, 450 to 500 insurance companies ( most of which are captive of great International groups ) and between 600 and 700 offshore banks are incorporated in The Cayman Islands. The islands are an appealing jurisdiction to open offshore banks.
What other offshore jurisdiction?
Seychelles
The Seychelles to Incorporate Offshore has been mentioned a hundred times here on the forum, hower, read on 😉
Seychelles International Business Companies are useful alternatives to offshore companies established in jurisdictions such as the British Virgin Islands. In December 1994 the Seychelles enacted legislation enabling the registration of International Business Companies, International Trusts and the licensing of International (free) Trade Zone Companies. More recent legislation covers the licensing of offshore banks, offshore Insurance, mutual funds activities and the regulating of a securities industry. The new laws were a result of intensive studies of long established offshore jurisdictions and world-wide trust legislation.
Hope you enjoy reading and that it may help you in the effort to seek your goals 😎
Toggle signature
No matter what the level of ability, you have more potential than you can develop in a lifetime.
