The decision as to where to incorporate an offshore company can only be made based on the specific features of the transaction in question. It is not possible to make a general assertion that one jurisdiction is always more appropriate than another. This note does not therefore attempt to guide the reader to any one jurisdiction over another. Instead it highlights some of the features common to the Cayman Islands, British Virgin Islands (the "BVI"), Bermuda, Jersey, Guernsey and Ireland, describes certain of the legal requirements in respect of companies in each jurisdiction and examines some of the factors to consider when deciding which jurisdiction to use.
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