Offshore Company Market recovery
- The Cayman Islands continue to be the favored destination for offshore companies, showing an upward trend of 13% since 2H 2011. The Caymans are rebounding from the crisis better than any place else.
- The British Virgin Islands (BVI) come in 2nd, with an upward trend of 10% since 2H 2011. Despite their number 2 growth status though, in 1H 2012, BVI had the most incorporations, 33,065.
- The Seychelles, off the coast of Africa, is the upstart of the group, having seen a growth in activity of 20% since 2010.
- The projected figures for the UK are 200,000 new companies by the end of this year.
Published November 14, 2012
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