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:

• United Kingdom
• Cyprus
• Gibraltar

British overseas territories

British overseas territories are not a part of the United Kingdom, however they are under the jurisdiction and sovereignty of it.  The head of state is british monarch and most of them are self governed. There are a total of 14 territories falling under this title, but not all of them are used as offshore locations.

Most popular of the British offshore territories that are used for offshore financial activities:

International business company

International business company (IBC) is a specific company type that is used for the sole purpose of offshore incorporation. The IBC are based on the International Business Companies Act, that took place in 1984. An IBC is formed under the laws of a specific jurisdiction and does not engage in any kind of business in the place of incorporation. The specific charistics of each individual jurisdiction may vary but as long as they all fall under the companies act they qualify as an IBC.

Anguilla

Anguilla is a country in the Caribbean and also one of the British overseas territories. Composed of the main island of Anguilla and a couple of smaller islands. The main gross domestic product comes from the tourism, fishing, offshore company and bank creation, also captive insurance. The official language is English and some adaptations of the English language are mostly used for communication. Most of the population is black with around 4% white and 3% of mixed descent.

International business company

International business company is a type of an offshore company that is formed under a law of a specific jurisdiction as a company that is not allowed to engage in business in the country of incorporation and is untaxed.

IBC usually are recognized for:

• Complete local tax evasion, as long as it's not engaged in business in the country of incorporation, the annual reports may still have to be filled and the yearly agents and registration fees may still have to be paid.
• Confidentiality -  preserving the company owners personal data.
• Wide range of business  - The scope of the range may depend on the country in witch the company is incorporated.

Most know for and usually incorporated IBC are in these countries:

• Barbados
• Anguilla 
• Bahamas
• Belize 
• Brunei
• Dominica 
• Marshall Islands
• Seychelles
• Saint Vincent

Only on couple of these countries I have information in my blog. So there are a couple of upcoming articles needed to be written about the new countries in the previously mentioned list.