What Is Going In Different Countries

 

In Barbados, for example, the bank laws were recently adopted for the improvement of the competitiveness as a financial center. Bahamas began a very aggressive campaign in order to become the elite center of banks' registration, insurance companies and courts. Cayman Islands started lately the same by growing like a weed and most prominent among new jurisdictions of financial secrecy. They grew into one of the largest tax-free zones of the world. 18000 corporations are registered today, that exceeds the amount of local habitants, and it is considered that a telex vehicle is on every man, woman and child on the island Grandee Caiman. The Caymans' governmental public servants consider that through the confidential bank accounts 10 milliards of dollars pass annually.

First the Russian businessmen got possibility to open off-shore companies in 1991. April, 29, 1991 the Swiss company "Riggs Walmet Group" declared that enters the soviet market with suggestion for organizations of such companies. Not only the help in creation of tax-free companies "turnkey", but also maintenance of their activity was offered is bringing of annual payments in the budget of country of basing, providing of secretarial services in treatment of irregular mail, organization of annual shareholders' meetings, drafting of balances, etc. On international measurements the cost of services was high enough: $4800 for registration and for $1100 annually for support. For last period as a result of suggestions' growth of the similar sort of services and growth of competition the cost for offshore-firm fell down to $500.