These are mainly assets holding companies and SPVs.
For the part of your assets/ operations that are already offshore this is a perfect choice to reduce transactional costs.
Also incorporation in bvi/cayman provides clarity for co-ownership of business with your partners. It opens possibility to use shareholders agreements in accordance to English law, for example. Also it gives access to fair judgement for those business owners from the countries without proper judiciary system.
Not to mention multinationals that seems to use it forever for huge number of reasons.
Hi! I have being trying to open a brokerage account to trade stocks for a Panama offshore company. I first tried with IB but got rejected, also tried with several US brokerage and none of them accept a company from Panama. I also tried with Swissquote, but I been back and forth for months now...