Corporate haven

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A corporate haven is a jurisdiction with laws friendly to corporations thereby encouraging them to choose that jurisdiction as a legal domicile.

Contents

History

Corporate Havens are a post 1970s[citation needed] global economic phenomena. This decade more or less marked the end of colonialism and the formation of EU in the form of the EEC. Many legal and taxation processes culminated in this decade that led to the formation of Tax Havens and Corporate Havens throughout the developed world.

Geographical distribution

North America

Within the United States, Delaware is considered the pre-eminent corporate haven for large public corporations, while Nevada, Wyoming, and Alaska are corporate havens for small closed corporations.

Delaware, through its developed legal system and laws protecting shareholder rights, is geared toward the large complex public corporation, whereas Nevada and Wyoming are more attractive to the small privately held corporation. Delaware law tends to protect the rights of boards of directors and shareholders, while Nevada and Wyoming tend to favor management.

Commonwealth & Western Europe

Corporate havens outside the United States include British crown colonies such as

Internal to the UK, but globally used as corporate havens

  • Guernsey (for incorporations, offshore back office services)
  • Isle of Man (for incorporations, offshore back office services)
  • Jersey (for incorporations, offshore back office services)

Other notable havens include

These havens are widely used by people and other entities from various places, particularly Hong Kong.

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