Lacking any significant oil reerves, the Kingdom of Bahrain has been forced to find other sources of income. It has built up sturdy tourism and financial services sector. Bahrain’s strength as a financial center and strong Islamic banking tradition has enabled it to become a major petroleum producer. History The islands that…
Increasingly, banks world-wide require a personal visit to open a bank account. As mentioned in the post “Why Banks Say No to You But Yes to Me“, opening a bank account remotely involves a certain degree of risk. Visiting the bank in person shows you are serious and – silly…
IBC stands for International Business Company, originally from the International Business Companies Act of 1984 in the British Virgin Islands. It has since been copied – with slight variations – across a plethora of jurisdictions. #148814545 / gettyimages.com In this post, I will quickly go through all IBC jurisdictions. If…
Bearer shares (also bearer instruments) are physical shares which are owned by whomever has them (bears them). This is unlike registered shares, which although they may be physical, are registered to a person (legal or natural) in a registry. The exact maintenance procedure around the share registry varies between company…
Part nine of the Jurisdiction Spotlight series will focus on Gibraltar, or as it’s affectionately called – The Rock. A thorn in the side of Spain and a shining beacon among offshore financial jurisdictions. But just exactly why are the Spanish authorities so grumpy when it comes to Gibraltar? Let’s…