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Appleby Report Shows Offshore Growth Trend

by Jason Gorringe, Lowtax.net, London
22 December, 2014

A report published by offshore service provider Appleby shows strong company registration growth in the British Virgin Islands (BVI), the Cayman Islands, Mauritius and Jersey in the first half of 2014.

The figures show that the BVI continues to dominate offshore company registration with 25,533 new companies in the first six months of the year, a 6 percent increase on the previous half-year period.

The Cayman Islands boasted a 17 percent increase in new company incorporations over the previous six months, the largest percentage increase of all jurisdictions in the report. Mauritius followed with a 12 percent increase over the previous half.

Jersey bucked the trend in the sterling offshore centers with 1,385 new company incorporations in the first half of the year, representing a 6 percent increase over the second half of 2013. This 2 percent rise brings the total number of companies in Jersey to 33,207 from 32,500 where it had remained for the last three years.

Guernsey and the Isle of Man both saw small dips in the number of new company incorporations.

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