Wednesday 23 July 2014

Singapore

Republic of Singapore is an island country and a sovereign city state in Asia . The country consists of the main island of Singapore, Pulau Ujong and more than 60 small islands. The whole island is urbanized. Little of the original vegetation can be found there. The island has had couple different owners thought its past, the British gained sovereignty in 1919, after that the island was occupied by the Japanese during World war II, its quite a young country as in gained Independence only in the 1963.

Tuesday 22 July 2014

Madeira

Madeira is one of the two autonomous regions of Portugal. A Portuguese archipelago that can be found in the Atlantic Ocean. The island is of volcanic origins, but the volcano has been inactive for over 6500 years, and is considered to be an inactive volcano. The terrain of the country may be a bit rough, but the climate has been claimed to be perfect - warm in winters and not too hot in summers. Its also know for its wines and traditional "Madeira cake".

Thursday 17 July 2014

Liechtenstein

One of the richest and hardest working countries in the world according to the GDP and the countries low unemployment rate at only 1.5%. One of the only two doubly landlocked countries in the word. The country lies fully in the alps and the  population mostly consists of German speakers, English is mostly used only for business needs. German is the only official language.

Samoa

The Independent State of Samoa is an oceanian country composed of multiple islands in the South Pacific Ocean. Savaii and Upolu being the main and the biggest of the island group. The island of Savaii being the biggest one and also at the same time quite undeveloped, due to the old ways of living, the island is often regarded as the “real Samoa ”. The second island Upolu is a bit smaller, but its the capital of the country, most of the population lives there and most of the infrastructure is built there. The international airport of Samoa is also located on the Upolu island.

Tuesday 15 July 2014

Labuan

Labuan is federal territory that is made up of the main Labuan Island and six smaller islands. The island is mostly known for its capital as an offshore financial center that offers international financial and business services and also being famous for the deep water offshore gas and oil extraction. The name of the country derives from the word Labuan which means harbor, as in the past it used to be a place travelers would come to restock goods.

Monday 14 July 2014

Romania

Romania is the largest country in the south eastern Europe. Measuring in at an area of 238400 square kilometer, its almost the same size as the United Kingdom. The first fully self propelled plane in Europe was built by a Romanian inventor. Romania seems to be one of the countries in Europe to get the first grasp on many things in the 20th century. Altho when the communist regime was overthrown in the end of 20th century, the economy experienced a downfall, it has since recovered and now considered an upper-middle class country.

Thursday 10 July 2014

Malta

Malta is a small, densely populated country in the Mediterranean Sea. Broke free from the United Kingdom in 1964, Malta was able to become independent republic 10 years later. Malta joined the European Union in 2004 and became a part of the eurozone in 2008. The warm climate, the world’s oldest free standing structures and many more architectural and historical monuments, make Malta a popular tourist attraction. 

Wednesday 9 July 2014

Bermuda

One of the many British over seas territories in the North Atlantic ocean. The Bermuda was first discovered by European in the 16th century. An island with great weather and sunny beaches. A great place for a holiday, especially if our looking to get a great and go snorkeling. The official language is English and the official currency is Bermuda dollar.

Monday 7 July 2014

Netherlands

Netherlands  is a small densely populated country, that can be found in western Europe. A part of the kingdom of the Netherlands. It also has three islands from the Caribbean islands. The capital of Netherlands is Amsterdam, a well known city worldwide. The country name literally means low land, since its quite low  having the average height of the country a bit less then 1 meter above the sea level and being almost flat compared to other areas.

Jersey

Jersey is another British crown dependency with the full name of Bailiwick of Jersey. Its the largest of the channel islands. Although its a Bailiwick, its has different relation ship with the crown than the other Bailiwicks (Isle of Man and Guernsey). Its not yet fully a part of the European union, simply put the relation ship between them is complicated.

Friday 4 July 2014

Luxembourg

Luxembourg is a quite small landlocked country in the western Europe. Its in the list of the highest GDP in the world, taking second place, falling behind Qatar. Luxembourg is in a very favorable location regarding its economical state, being a member of such groups as European Union, NATO, OECD, the United Nations, and Benelux. Making not only it's economy stable, but also the political and military fields. The stability of the economy of Luxembourg may be of concern to some people and may need to be addressed in the future.

Current offshore country list.

Since the list of offshore countries is reaching its completion, I have decided to list the current offshore locations and then to add the countries that I am going to be adding in the future. The current list:

Wednesday 2 July 2014

Guernsey

Bailiwick of Guernsey is a British Crown Dependency, including multiple islands, its the second largest of the Channel islands, falling right behind Jersey. It has 10 parishes and 3 islands having their own independent governing structures. As with the rest of Bailiwicks it is not a part of the Europe Union directly, but true some agreements that the United Kingdom has made.  The law system comes from the common french law, but it has been strictly modified by the English common law.

Ireland

Republic of Ireland, is a part of the island Ireland, second part of the island belongs to the United Kingdom and usually being called Northern Ireland. The Irish may be known for many things, but in this case we are going to be looking at the specific area of offshore business in Ireland. Nowadays many large corporations use Ireland as a vehicle for escaping some corporate tax on a large scale. I have a recent article on this matter here.