Top five articles of June 2014

Another month has passed very quickly for me. In this months top five I will review and compare articles to the most popular ones of the last month. You can see the articles in the following list:

1. Isle of Man
2. Companies special licenses (CSL)
3. International business company

Companies special licenses (CSL)

The Seychelles companies special licences are similar to companies incorporated under the international business licenses, but since the act took place later that IBC act, its more complicated and offers greater advantages for companies incorporated under it. CSL take advantage over double tax treaties that are not available to the IBC companies.

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.

Dominica

Dominica is an island nation in the Caribbean Sea. Some claiming to be one of the most unspoiled and beautiful places in the world. The second largest hot spring in the world can be found there and its active volcanoes are still forming the island. Yet most of the island is covered by forests and it is one of the rainiest places on the world. As do with the unspoiled landscape the wild life of Dominica is also quite unique. Many rare species that can't be found anywhere else in the world live there.

Saint Vincent

The full name of the island country is Saint Vincent and the Grenadines. It is located on the border of the Caribbean sea, where the it meats the Atlantic ocean. As with all the Caribbean sea islands, Saint Vincent has an great weather, with the exception of some tropical storms, that damage economy wiping out a part of the yearly plantations.

Economy

Most of the Saint Vincent's economy comes from the export of goods, mostly bananas. Recently the service sector has taken over a big part of the economy, mostly focusing on tourism.

Belize

Belize is an country on the board of central America, bordering Mexico, Guatemala and the Caribbean sea. It's the country with the lowest population density in the central America. Belize has a large variety of culture and languages, mainly due its location, a place where many travelers, explorers and fighters have gone trough. The main language of Belize is English, but due to the variety of the culture, many different languages are used in the every day life such as English creole and Spanish. Well know as the place of birth of chewing gum and Punta music.

Seychelles

Seychelles is yet another island country,only this time it found in the Indian Ocean. As with every island country most of its gross domestic product comes from the export of goods, mostly salmon, and also from tourism. The population of Seychelles is very mixed. Having British sailors, French settlers, Africans, and traders from the Middle East. The most widely used language is creole, but french and English are also the official languages in the country. For business English is mostly used.

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.