The world's three largest offshore companies registered in a legal comparative study Serial 1

Currently Bermuda (Bermuda), Cayman Islands (Cayman Islands) and the British Virgin Islands (BVI - British Virgin Islands) is the world's largest number of business registration of the three offshore companies registered. In this article focuses on the Bermuda Companies Act 1981 (the "Bermuda Companies Act"), the Cayman Islands Companies Act 2000, revised edition (the "Cayman Islands Companies Law"), and the British Virgin Islands International Business Companies Act, 1984 ( referred to as "the British Virgin Islands Company Law"). This article refers to offshore companies Co., Ltd., a company that outline (Memorandum of Association) contains the standard terms of business scope of Bermuda and the Cayman Islands, an overseas company ( "Exempted Companies"), as well as the British Virgin Islands International virtual office Business Companies ( "International Business Company" or "IBC").

The approval of the establishment of offshore companies

(1) Bermuda. All overseas companies to issue or transfer of shares must be approved by the Bermuda Monetary Authority, the beneficiary must be open to the finance bureau status. Together with the application to submit all information (outline of the information contained in the company except for) is not open to the public. Some business activities may require permits or special authorization.

(2) British Virgin Islands. The formation of the company without government approval. However, some business activities may require permits or registration.
(3), the Cayman Islands. The formation of the company without government approval, but some business activities may require permits or registration.