Which tax havens offer the most favourable conditions?
It is impossible to answer this question since it depends on the goal of a particular businessperson who plans to open an offshore. All traditional tax havens offer standard advantages like tax optimisation, simplified reporting and confidentiality.
According to Imperial & Legal advisors, it is necessary to consider two aspects when registering an offshore company: additional perks and reliability.
For example, Caribbean countries offer citizenship by investment programs that allow foreigners to obtain a second passport for a relatively small investment and travel visa-free to almost any country of the world. In most cases, you will be able to take part in this program 100% remotely.
In recent years, there have been several scandals when previously reliable offshore jurisdictions disclosed information about companies registered on their territories for political reasons. Small Caribbean countries, however, have only recently gained independence from the Crown. Most of them don’t even have an army of their own. The wellbeing of Caribbean citizens depends on tourism, foreign investments and payments from offshore companies. That’s why, Antigua and Barbuda, St. Kitts and Nevis, St. Lucia, Dominica and Grenada still resist the requests of the international organisations and preserve confidentiality of their offshore foreign companies and citizens who take part in their citizenship by investment programs.