Appleby Reports Offshore Incorporation Activity
- The jurisdiction that is dominating offshore new company registration activity by volume is the British Virgin Islands, which has consistently maintained a six-fold lead ahead of its nearest comparator, the Cayman Islands.
- The Seychelles is the offshore economy witnessing the greatest growth in activity, albeit that this jurisdiction’s data lags behind the other jurisdictions being tracked for this report. Between 2010 and 2011, company registrations in the Seychelles grew by 20%.
- Bermuda remains an attractive place to incorporate with the number of new company incorporations maintaining a reassuringly steady flow over the last three years.
- The UK and Hong Kong as onshore comparators, are showing signs of continued recovery with both annual registrations and total active companies showing year on year improvement. And the projected figures for the UK are looking to be 200,000 more active companies at the end of the year compared to 12 months previously.
Published November 13, 2012
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