What are the tax havens around, beside Seychelles, Belize and Panama?

[Safa]

Even if Costa Rica president say so it will take at least 10 to 15 years before they have signed all the TIERS required, this has been seen many times also by Uruguay who signed in 2003 (I can't remember exact year) and still have not signed them all, the same applies for many of the offshore countries around.

[surender]

second that, it will take a long time before CR will be recognized as an legit and "white Zone" jurisdiction, It would be to easy to believe they will change everything within a year or so, too much money is put on hte table for that to happend.

[blueweb]

St. Kits and Nevis/Bahamas are signing their 10th TIERS now, that means soon they will be recognized as a legit country / island from where business is conducted, as I understand if they sign 12 Tax information exchange agreements they are getting on the OECD whitelist, so that means in a few years I will be able to run a legit business in the Bahamas and no one will doubt why it is placed there, or not?

[SysOp]

An overview of the OECD remaining Grey Listed Tax Havens

Andorra
Until today made 10 Tax Information Exchange Agreements (TIERS) and are missing 2
Anguilla
Until today made 11 TIERS and are missing only 1
Bahamas
Until today made 10 TIERS and are missing 2
Belize
Until today made 0 TIERS and are missing 12
Cooks Islands
Until today made 11 TIERS and are missing 1
Dominica
Until today made 1 TIERS and are missing 11
Granada
Until today made 1 TIERS and are missing 11
Liberia
Until today made 0 TIERS and are missing 12
Niue
Until today made 0 TIERS and are missing 12
Panama
Until today made 0 TIERS and are missing 12
Saint Kitts and Nevis
Until today made 8 TIERS and are missing 4
St. Vincent
Until today made 7 TIERS and are missing 5
Vanuatu
Until today made 0 TIERS and are missing 12
Brunei
Until today made 8 TIERS and are missing 4
Costa Rica
Until Today made 1 TIERS and are missing 11
Guatemala
Until today made 0 TIERS and are missing 12
Malaysia
Until today made 5 TIERS and are missing 8
Philippines
Until today made 0 TIERS and are missing 12
Uruguay
Until today made 3 TIERS and are missing 9

What this list means that even if everyone is screaming about the different tax havens around increasing the number of TIERS then it will take ages before they will be taken off the Grey List, some of the countries started to sign TIERS in 2000 and 2003 and they are still not come any further, which in my opinion is because there is too much money and political power behind these countries to just sign all 12 TIERS and move off the Grey list.

What one will do is to check the OECDS Grey list before incorporating a company there, if your country has an tax information exchange agreement with the tax haven you are looking into, forget it and move on, there are plenty of options.

My personal favorite is still the Seychelles, they didn’t sign a single TIERS and don’t even considering to do so, no they improve the services and possibilities available in the Seychelles Tax Haven to attract more money to the Island. The Seychelles combined with maybe Cyprus, Panama and or Belize may be a great way to avoid any tax, keep privacy and stay out of the spotlight of the different instances.

[sonato]

To sum up, the tax havens to go with today and which are safe are:

Philippines
Until today made 0 TIERS and are missing 12
Vanuatu
Until today made 0 TIERS and are missing 12
Liberia
Until today made 0 TIERS and are missing 12
Niue
Until today made 0 TIERS and are missing 12
Belize
Until today made 0 TIERS and are missing 12
Seychelles
Until todat made 0 TIERS and are missing 12 but they even not boughter!

In my opnion it is the Seychelles, not because I have any special preferance to this, but isolated looking at the TIERS and where the other offshore countries are located.

[clemens]

Welcome sonato, thank you for your summary. I read that the Seychelles Commits to Co-operate with OECD on Eliminating Harmful Tax Practices, what does that mean for our privacy there and for the information that one has to provide in order to register a Seychelles company?

source: Seychelles Commits to Co-operate with OECD on Eliminating Harmful Tax Practices

[Moh1]

According to this Seychelles TIEAs - OECD official list. the Seychelles so far won the battle, but it can't be true that they are the only tax haven left who made it, any other input would be appreciated?!

[pchees]

Hi

I have a new possibility.

Ras Al Khaimah, which is one of the emirates of the United Arab Emirates.

You can set up an IBC in 2-3 days once they have the documentation.

The area is politically stable. The currency (dirahm) is pegged to the USD at 3.65.

Can get a business bank account through the major banks.

No corporation tax
No income tax
No VAT

Full repatriation of profits.

Winner of top location in the Middle East for Foreign Direct Investment (FDI) 2010

Easy travel connections via Abu Dhabi, Dubai. New airline/Airport to be a launched in RAK shortly.

Extremely secure and private.

Hope that helps. I can answer any questions.

[drillbill]

The other day I spoke with one of my business partners who obviously wasn't aware of any of the possibilities a tax haven offers, I told him about the Seychelles and Belize, for the Seychelles his comment were it is a Pirate Island ( lol ) Belize he told me that he don't trust since it is close to Mexico which had a huge business for Heroin involving the Drug Marf, so he heard of Panama where he had spoken with a legal advisor about for a few years ago now he sticked with the UK where he incorporated one of the popular 1 pound corporation which obvious are not Offshore... I told him about the many possibilities I had with my Offshore corp. now he is looking into BVI, Panama, Stk. Kitts and a few others.

[drillbill]

It looks like many of the offshore tax havens around have been signing one TIEA after another, how does it affect the particular jurisdiction, will it be safe in the future to go offshore if the purpose is to hide from tax authorities, will it be safe as a asset protection vehicle ?

[ebaywins09]

It looks like many of the offshore tax havens around have been signing one TIEA after another, how does it affect the particular jurisdiction, will it be safe in the future to go offshore if the purpose is to hide from tax authorities, will it be safe as a asset protection vehicle ?

Indeed, you will always find new oportunities to go offshore regardless whatever they do or turn the world on the head.

[pchees]

It does seem to be a key point that most offshore tax havens have been forced to sign TIEA agreements, so how can you chose one? In the UAE the IBC centre refuses to discuss with anyone externally concerning offshore companies. The only way they would reply to a request is if it was through the ruler's court in RAK, and that would require a very long and laborious process in Arabic. Proof has to be given for a crime, and tax evasion is not a crime in the UAE.

[bonzo]

UAE ha no tax agreement (TIEA) at all?

[pchees]

The UAE is not a member of the OECD (organisation for economic co-operation and development), and is not on any blacklist. The UAE is not dependent upon any other country i.e. a protectorate etc. The RAK offshore facility will refuse any request for information from an external party and they are owned by the government. RAK is a real economy and does not depend upon creating offshore companies for its main business. In 4 years they have created over 3,500 IBCs there.

[fxstarter]

This is interesting stuff with the UAE but I believe it is diffuclt and expansive to manage a company in the UAE since there are no laws that protect foreigners.