Best Tax Havens

For those who've thought about relocating to an island paradise such as the United States Virgin Islands, but have hesitated about leaving the continental U.S. behind, here is some information on just how easy it is to make the move.

Of course, if you have a business that you want to bring to the USVI to take advantage of the Economic Development Council corporate benefits program you are not required to buy any real estate, residential or commercial.

Investors and corporations desiring to get away from SEC regulations, and US taxes can conduct business operations from the Caribbean, including the British Virgin Islands, the U.S. Virgin Islands, the Dutch Antilles, and the Cayman Islands. The banking sector of the Caymans contains 450 banks from 65 countries, and is the fifth largest banking centers in the world.

An offshore fund is a collective investment fund domiciled in an Offshore Financial Center. These funds have been in existence since the 1960's, and so named because they were established originally in the island tax havens of the Caribbean and the English Channel. The term 'Offshore' has since come to mean any jurisdiction, wherever geographically located, which is advantageously different from one's own domestic financial environment.