Why have these jurisdictions been selected for building companies in Belize, St Vincent and Nevis, over European, South Pacific or other offshore jurisdictions? |

Why have these jurisdictions been selected for building companies in Belize, St Vincent and Nevis, over European, South Pacific or other offshore jurisdictions?

May 7th, 2010

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The Caribbean and Central America offer Americans, Canadians, and Europeans some of the best laws for privacy and tax advantages in the world.

Europeans are now feeling the compromises that must be made with the EU and they are looking to the Caribbean. Canadians and Americans are indeed fortunate to have such an excellent selection of Offshore jurisdictions that are easily accessible by plane, on a similar time zone, and with legislation generally based on common law. The jurisdictions that < Services Corporate>works with allow for one shareholder / director if required, can issue Bearer shares, do not record the shareholders, officers or directors with the government, and do not have to have the annual meetings within the jurisdiction (a large savings in legal and travel). Please note the detailed descriptions of these countries:

COMPARISON OF JURISDICTIONS

*Country*	*Belize*	St. Vincent	*Nevis LLC*

Shelf Companies Available	Yes	Yes	Yes
Minimum Annual License Fee	$100	$100	$100
Tax on Foreign Profits	No	No	No
Disclosure of Ownership	No	No	No
Common or Civil Law Jurisdiction	Common	Common	Common
Bearer Shares Permitted	Yes	Yes	Yes
Authorized Share Capital	$50,000	$10,000	No Requirements
Standard Paid up Capital	$100	$100	$100
Currencies of Capital	Any	Any	Any
Minimum Number of Members	One	One	One
Minimum Number of Directors	One	One	One
Corporate Directors Permitted	Yes	Yes	Yes
Local Directors Required	No	No	No
Company Secretary Required	No	No	No
Company Seal Required	Yes	No	No
Public Record of Directors	No	No	No
Public Record of Members	No	No	No
Location of Director’s Meetings	Anywhere	Anywhere	Anywhere
Location of Member’s Meetings	Anywhere	Anywhere	Anywhere
Telephone Board Meetings Permitted	Yes	Yes	Yes
Double Taxation Treaty	No	No	No
Requirement to File Accounts	No	No	No
Requirement to File Annual Return	No	No	No
Change of Corporate Domicile Permitted	Yes	Yes	Yes

VARIOUS OFFSHORE JURISDICTIONS

All jurisdictions offer the following advantages:

Politically and economically stable
No tax on income, capital gains, dividends, distributions of inheritance
No exchange control restrictions and assets may move freely in and out of the country
Excellent communications facilities
Strict Confidentiality laws
Official Language is English
Minimal government annual reporting requirements

BELIZE is located in the Caribbean seaboard of Central America. Mexico lies to the North. Guatemala to the west and the Caribbean islands to the east. It was a British colony known as British Honduras from 1862 to 1973. In 1981 Belize gained status as an independent country and has maintained a democratic and politically stable government since this time. Currently Belize is rated as the BEST TAX HAVEN in the world.

Belize offers spectacular, naturally unspoiled estuaries, rivers, mountains, waterfalls, jungles, deep caves, coral reefs and the world’s second longest barrier reef. Mayan archeological sites are numerous and relatively unscathed by pollution. The official currency is the Belize dollar, fixed against the US dollar at $2.00 Belize to $1.00 US.

Particular Legal Advantages to the Belize IBC:

Foreign judgements are not recognized.
The case must be retried in Belize.
A cash bond is required by the courts in the amount of 10% USD of the judgement sought prior to any court action against the IBC.
Any case must be proven beyond reasonable doubt.
If the plaintiff loses the case, he must pay damages, court costs and the defendants legal costs.

ST. VINCENT is part of the State of St. Vincent & the Grenadines which consists of a number of smaller islands. These islands are part of the “Windward Islands” and are about 100 miles to the west of Barbados. They gained their independence from England in 1979 although Queen Elizabeth remains Head of State represented by a Governor General. St. Vincent and the Grenadines is both a member of the Organization of the Eastern States (OECS) and the Caribbean Community (CARICOM).

The law is Common Law, there are no exchange controls, the currency is the Eastern Caribbean dollar (EC$) and is linked to the US dollar at 2.63 EC$ = 1.0 US$. The official language in St. Vincent is English, communications are excellent, and daily air service exists between the USA and the islands.

NEVIS is a 36 square mile (93 square kilometers) unspoiled island located in the Caribbean sea with a population of approximately 10,000 inhabitants. The island is 200 miles Southeast of Puerto Rico.

The island is encircled by miles of breathtaking palm-fringed beaches that are clear, calm and pristine and provide front row seats to sunsets with colors that defy the spectrum and fire the sky and clouds. Renowned for its beautiful mountain scenery, the island is dominated by Nevis Peak, which rises to a height of 3,265 feet in the center of the island and is invariably covered with clouds. It is said that when Christopher Columbus, on his second voyage in 1493 saw the clouds, he thought it was snow, so he called the island, “Nuestra senora de las nieves” which means “Our lady of the snows”; thus the name Nevis. The interior of the island is graced with a lush tropical rain forest that complements the beauty of the coastline and provides eco-tourism lovers with paradise.