Traditional low-tax jurisdictions (British Virgin Islands, Seychelles, Belize) are not required to report to local authorities and pay taxes at the place of registration.
However, recently in these jurisdictions control over the activities of companies and its transparency has been tightened. For the jurisdictions listed above, in 2017 legislative acts were passed obliging non-resident companies to maintain accounting records, inform registration agents of the place where accounting documents were stored, and present them to agents upon request in accordance with spot inspection plans. Failure to provide accounting documents may result in tangible fines of up to $50,000.