Buying a shelf company is a common practice in many jurisdictions around the world, especially in
offshore financial centers like Belize and others.
These jurisdictions are known as offshore tax havens, to use the more technical jargon,
offshore financial centers (OFCs).
Tax havens are legal and sometimes secret
offshore financial centers that are used by companies to reduce their tax bill by moving their capital out of countries through loopholes in national laws.
interests; (6) whether the jurisdiction has taken appropriate legislative actions to address specific problems; (7) whether there is a lack of licensing and oversight of
offshore financial centers and businesses; (8) whether the jurisdiction's laws are being effectively implemented; and (9) where U.S.
Banking secrecy and
offshore financial centers; money laundering and offshore banking.
The report indicates that
offshore financial centers have recently been under attack, but have shown 'remarkable' resilience.
Like most
offshore financial centers, the British crown dependency has spent the last three years taking steps to comply with global transparency requirements.
A good portion of these revenues accrue in
offshore financial centers, where roughly a third of Middle East and African wealth is booked.
The LUBRINCO Group has performed investigation services and consultation services in North & South America, Africa, the Middle East, Central and Eastern Europe, Central and Southern Asia as well as the Caribbean and other
Offshore Financial Centers.
Kleinfeld and Edward Smith (Practising Law Institute, 4th ed., 2009), is a comprehensive global guide to tax havens,
offshore financial centers, and tax-advantaged strategies.
The BOE also said that the annual rate of M4 money supply growth (excluding intermediate
Offshore Financial Centers) fell 0.7 percentage points to 3.1 percent in Q2, all of which suggests that the central bank's asset purchases haven't had the desired effects of boosting money supply and increasing lending.
A few sources used terms such as
offshore financial centers or financial privacy jurisdictions to refer to jurisdictions with similar characteristics.
