Why are the below offshore jurisdictions ?

[redeye]

Below is a list which OECD and other countries consider to be offshore jurisdictions!! I wonder how it comes and who actually decide which terretory or country is to be considered a offshore jurisdiction or offshore financial centre?


Bermuda


BVI


Cayman Islands


Hong Kong


Singapore


Ireland


Netherlands


United Kingdom


Delaware


When I reading what the parameters are to how they consider one or another jurisdiction to be offshore then why are there not many more countries??


Below are the characteristics they take into consideration:

• They are broadly not subject to taxation in their home jurisdiction.
  
• The corporate regime will be designed to promote business flexibility.
  
• Regulation of corporate activities will normally be lighter than in a developed country
  

Any input?

 

[buzzoffshore]

Well you already mentioned the organisation.. it's called OECD

 

[alain]

I have an idea why the UK are listed. Actually you can live in the UK as non resident and do your business offshore without to pay tax in the UK.. That's what smart people are doing while we speak.. they are doing millions for 7 year's tax free.

 

[JohnLocke]

Yes we had already discussed this in some other threads actually it's possible Alain.

 

[clemens]

Netherlands
United Kingdom

Both countries are considered to be offshore depending on what side of the ocean you are looking from. They have even great tax benefits for Europeans if used carefully.

 

[JohnLocke]

Indeed the UK has some benfits for tax specualtion for non UK citizens.