What Tax Haven Is The Best to Form an IBC In?
There are many countries all over the world that are considered “tax havens”. These jurisdictions generally have no taxes (on foreignors) and strict privacy laws. The question is not, “which is the best”, but “which is the best for a particular situation”. For North Americans, several factors are important. First, the tax havens under consideration must have no taxes of any kind and strictly enforced privacy laws. Next, English must be the main language, the judicial system must be based on British Common Law, the country must have a long history of political stability and must be completely independent from one’s home country. Ideally, the tax haven should be geographically close to home to allow for swift travel should a client desire to visit. This narrows the field down to The Bahamas, Belize, The British Virgin Islands (BVI), Nevis and St. Kitts, and The Turks & Caicos. Each of these jurisdictions forms completely private IBC’s that are authorized to do business worldwide (except
