Most American Multinational Corporations operate outside States as an IBC. If you call their export division, you'll find that you are talking to someone in Zurich or Nassau. The reason is that using an IBC to sell their products or services overseas saves company on taxes.

Had 19th Century founders of these icons of American Industry foreseen 20th Century Western tax revolution, Switzerland would have been home of American industry. Since WWII, Swiss Tax legislation makes Switzerland a poor choice for an IBC. But, if you follow my public company strategy, you need only worry about next Decade, not next hundred years.

Professional money trades through IBCs. New hot shot stock brokers see that money appears to be located in Geneva, St. Vincent, Douglas, etc. They save their money for a trip to visit IBC investors in Europe, H. K, or Caribbean. They may have a great vacation. They never find investors. To find those investors, they should have gone to Houston, Miami, New York, London, Toronto and other cities where stock market professionals live.

Public companies with a global market for their goods or services are worth taking public. It's wiser to incorporate global company in a Caribbean tax haven than in Delaware, Nevada, or Ontario. Your tax haven incorporation won't reduce your corporate taxes on income your company earns in Canada, United States or Germany. It will reduce your international tax obligations. If you doubt me, review audits of any American multinational corporation trading on New York Stock Exchange. You can find their audited financial statements at U. S. Securities and Exchange Website.

Your purpose in buying your tax haven corporation determines your incorporation and maintenance costs. You can buy a new car, without an engine. It'll cost less than a new car that works to your satisfaction.

The most common reason that Americans buy a tax haven corporation is to impress people. They want to park their new engineless car in their driveway and have it admired by their friends and business associates at cocktail parties or business luncheons. At best, their purchase is a protest against government. Since their tax haven corporation isn't going to be used, they should buy cheapest tax haven corporation.

The financially unsophisticated buy a cheap tax haven incorporation to save money. They don't realize how easy it is to lose their offshore nest egg. In some cases, local attorneys don't file incorporation documents with their Government. Local tax haven banks fail at an alarming rate. Nominee directors have power to defraud unwary. Western taxing authorities often collect taxes from unwary tax haven corporation. The road to tax haven success is dotted with hundreds of these potholes. The unsophisticated are certain to wreck their car driving this road.