Bowman Offshore Bank Transfers What are the best offshore jurisdictions?

What are the best offshore jurisdictions? by Bowman Offshore
Bank Transfers
British Virgin Islands Business Company
The British Virgin Islands has a strong offshore regulatory environment. They have a distinct combination of
oversight and a laissez faire approach which makes it both easy to do business – yet reputable with banks and other
jurisdictions around the world which makes it very simple and easy to bank and do business with a BVI company.
BVI BC companies are commonly used vehicles for offshore savings and investments, international corporate
banking, forex and stock trading, e-commerce and internet businesses, international trade and professional services
as well as a holding company, ship and aircraft registration, captive insurance and estate planning.
Most business companies in the BVI are used as asset protection vehicles, very often in combination with a Trust as a
holding company. The directors of the BVI BC may protect the assets by transferring its assets to another company,
Trust, Foundation, Association or Partnership. The Directors can also merge or consolidate with any other company
or can re-domicile the BC to another jurisdiction entirely.
BVI Business Companies are exempt from local taxes and stamp duty, even if they are administered in the BVI.
Corporate maintenance of BVI companies is simple: no annual meeting requirements, no financial statements, annual
return filing and no yearly audits.
Furthermore, only one shareholder and director is required, who can be the same person, and there is no minimum
paid in capital.
Nevis LLC
The Nevis jurisdiction is a “No-Tax” offshore domicile operated by the small Caribbean island of Nevis within the
country of St Kitts and Nevis.
Nevis LLCs are tax transparent entities, all profit received by the LLC is considered to be transferred to its members
and taxed at the personal level.
LLCs are for the most part very flexible. You have the choice of a manager-managed LLC with multiple members or a
member-managed LLC with multiple members.
A distinct advantage of a Nevis LLC is the ability to incorporate with a single-member. Although Nevis isn’t the only
place this is possible, the strong asset protection laws of Nevis are favorable compared to other jurisdictions.
Nevis offshore statutes for Nevis LLCs are actually derived from jurisdictional law of the state of Wyoming. A single-
member LLC in Nevis has charging order protection and other benefits of a Wyoming LLC while located in an