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

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.

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.