Offshore zone in the countries of Latin America and the Caribbean

Great fame in Latin America and the Caribbean give acting nor their territory and offshore financial centers that specialize in providing financial, banking, commercial and other services.

 At present, the region has about 15 offshore centers, most of which are located in the Caribbean.

The main centers of international offshore business in the region are Antigua and Barbuda, Bahamas, Barbados, Bermuda, British Virgin Islands, Panama, Cayman Islands, St. Vincent and the Grenadines, Saint Kitts and Nevis. 

Caribbean islands attract foreign capital as a result of preferential tax policies and minimum byurrokratichnosti national legislation. Despite its insularity, these states have well-developed telecommunications system (mail, telephone, telex) and air links with North America and Europe. They developed banking infrastructure, there is a high level of banking regulation, not a tax on profits. 

Offshore companies that are registered in the Caribbean, are non-residents, registration and management of these companies greatly simplified management of the company can be based on anonymity in full confidentiality, the financial reporting requirements for offshore companies are minimal, the company released (in most cases completely ) from all local taxes and pay only an annual registration fee. However, these offshore centers in the majority of cases are excluded from the scope of the impact of international tax treaties for the avoidance of double taxation. Thus, the number of offshore centers in the Caribbean are the jurisdictions with moderate fiscal terms, and most of them - "tax havens". 

The only downside to these areas - their low prestige. However, there are many reputable registered banks, investment funds, insurance companies and other enterprises. So, at the end of the 1990s. Panama was 337 thousand registered offshore companies in the British Virgin Islands - 208 thousand in the Bahamas - 50 thousand in the Cayman Islands - about 39 thousand in the Niderladskih Antilles - 22, 5 thousand, Barbados - about 13 thousands of these centers are more than 2 million commercial banks. About one-fifth of total world foreign exchange flows through offshore centers in Latin America and the Caribbean.