January 22, 2014 6:24 PM Subscribe
The secretive business havens of Cyprus and the Cayman Islands face a potent rival: Cheyenne, Wyoming. At a single address in this sleepy city of 60,000 people, more than 2,000 companies are registered. The building, 2710 Thomes Avenue, isn't a shimmering skyscraper filled with A-list corporations. It's a 1,700-square-foot brick house with a manicured lawn, a few blocks from the State Capitol.
Why Incorporate In Wyoming?
Wyoming state fees are less than most other states. Wyoming has no business license fees or officer filing fees. This means we can deliver a quality company package for much less than you would pay in Nevada or Delaware. And, your Wyoming state renewal fee is, in most cases, $50, that is 84% less than what you will pay in Nevada. Wyoming is one of the most cost effective states to incorporate in and also to maintain in the following years. (Click here for pricing.)Shell Game: 2,000 Firms Based In One Simple House - ""You can get just as much secrecy in a place like Wyoming or Nevada as you can get in the Caymans or Switzerland," Grow says."
And, the nice thing about Wyoming is that are many other reasons to incorporate here.
State Incorporation Comparison Chart
Officials Defend Wyoming Incorporation Regulations
Tax Havens: International Tax Avoidance And Evasion [PDF], Congressional Research Service
Onshore Secrecy, Offshore Transparency
Seventeen of the 45 attempts to solicit anonymous corporate vehicles met with success. Of these, 13 of 17 successful approaches were to service providers in OECD countries (seven in the UK, four in the United States, one in Spain, and one in Canada). This compared with only four service providers of 28 willing to provide anonymous shell companies in countries often identified as ‘tax havens’ (Hong Kong, Singapore, Belize and Uruguay). Corporate service providers in jurisdictions like Bermuda, the Bahamas, British Virgin Islands, Cayman Islands, Liechtenstein, Seychelles and Panama were punctilious in their customer due diligence. The same was true even of smaller centres like Dominica and Nauru.Haven Hypocrisy: Big economies are leaning on offshore tax havens. But greater abuse may be taking place at home
Launderers Anonymous - A study highlights how easy it is to set up untraceable companies
bonus: Much of China's web traffic mysteriously sent to Wyoming shell company
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