What constitutes a favorable jurisdiction?
A desirable jurisdiction should be politically neutral, follow a policy of free trade, not interfere with the commercial activities of corporations established there, and provide reasonable assurances of personal and corporate privacy. Language, quality of telecommunications, time zones, availability of professional infrastructure, and other issues are also important. Most popular jurisdictions have a legal system derived from western countries and greatly favor corporations, which are non-resident in nature. There must be a solid commitment to the protection of private property and the promotion of international trade. Most modern International Financial Centers are alike offering the services and products available through government regulation. Because of this, certain law tax jurisdictions have reputations that may or may not be true today, while others have issues with privacy, confidentiality or specific rules for information. Banking rules and regulations are also changing and w
A desirable jurisdiction should provide reasonable assurances of personal and corporate privacy and be politically stable. Financial stability is also important. Many key offshore jurisdictions are financially stable because they are in locations that generally see a lot of tourism and retirement. Moreover, language, the quality of telecommunications, time zones, availability of professional infrastructure and type of currency used locally are also important.
