Offshore provider: company registrations down, but hopeful of return to pre-2009 levels

According to this report by Appleby Global, registrations were down in the Isle of Man, Mauritius, the British Virgin Islands and the Cayman Islands, while Bermuda and Hong Kong posted increases.

“The extent to which the effects of political pressure on the offshore jurisdictions to conform to emerging regulations around tax and transparency are unknown, however it is unlikely to have had a significant impact given that these jurisdictions are already very accustomed to complying with the evolving regime of transparency and information exchange.” (bold added)

Appleby “is one of the world’s largest providers of offshore legal, fiduciary and administration services”.

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