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.

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.

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.

Mauritius

 Mauritius is an island nation in the Indian Ocean. Residing on the southeast coast of the African continent. The country is composed of the Mauritius islands, Rodrigues island, the archipelago Saint Brandon and the Agalega islands.

Economy

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.

Most popular posts of May 2014

In the following list I have composed, you can see the most popular articles of the last month (may). I will make these post every month, to look back at the things I have done right and the things I have done wrong, in order to improve my writing abilities.

1.       Business in Latvia 2014
2.       Bahamas
3.       Offshoring