Caribbean offshore jurisdiction providing the International Business Company (IBC). The legislation is similar to the Bahamas and British Virgin Islands.
Tax laws and the laws and regulations followed by Bahamas are referred to as transparent when establishing an offshore business. Setting up a company in Bahamas offers advantages on a multitude of levels.
It’s legal system and rule of law follow the English Common Law and is supplemented by local legislation. Belize is considered to be one of the most secure and confidential offshore territories in the world and the only country in Central and South America that has English as the official language.
Due to its flexibility, effective regulation and reasonable cost The Cayman Islands is singled out as a preferred offshore jurisdiction. Its legal system is grounded in English common law and offers well established professional service providers, as well as a first-class infrastructure.
A highly respected offshore jurisdiction suitable for all types of companies such as high profile trading companies or investment companies. Can be expensive and disclosure of the beneficial owner to the Jersey authorities is required.
Labuan is a region in Malaysia which has special tax status. It is a suitable, credible location in Asia with less bureaucracy than Hong Kong.
A highly-respected jurisdiction, normally used for holding purposes and most popular for companies limited by shares. Can, however, be inflexible and expensive.
A highly respected offshore jurisdiction with full European Union Membership. Usually used for holding companies wishing to make use of absence of withholding taxes.
A Marshall Island company provides a very cost-effective, flexible alternative. This type of company can be used as a holding company or an investment company but is not particularly recommended for high profile trading companies.
Ideal jurisdiction for trading in the Far East, Africa and India. Has preferential double taxation treaty agreement with India. There are two types of companies available: those paying a low level of tax but which can take advantage of the double taxation treaties, and the offshore company which cannot. A company may also register a name using Chinese symbols.
This type of offshore company can be used as a holding company or as an investment company but is not particularly recommended for trading companies. Closely follows Delaware law and useful to those familiar with this legislation.
English speaking common law jurisdiction with well developed professional infrastructure. A New Zealand company when acting as nominee and bare trustee with no New Zealand source income it is not chargeable to tax in New Zealand. It is therefore effective as a property or investment holding company but not suitable for trading activities.
One of the more recent jurisdictions to enact offshore legislation. This legislation is modelled on that used in the Bahamas. Annual government franchise tax is fixed for the life of the company at the amount payable at the date of incorporation; therefore there will be no increase for existing companies should the government increase fees for new incorporations.
As long as no revenue arises from within Singapore or is remitted to the republic, a company can avoid taxation in Singapore. This is a well-regulated jurisdiction and therefore running costs are higher than they would be in a traditional offshore jurisdiction.
TURKS CAICOS ISLANDS
One of the first Caribbean jurisdictions to offer offshore companies. No longer as popular due to the lack of marketing but suitable for a holding company or an investment company.