UK Nationals based in the Cayman Islands seeking finance of £700,000 to assist with the purchase of two North London apartments on a buy to let basis.
There is quite an extensive number of offshore jurisdictions in which to place your banking business however it is important to make sure that the jurisdiction you select is politically and economically stable. You should also ensure that the jurisdiction in which you choose to establish your banking business has a sound financial infrastructure and is appropriately supported by the professional services that you require.
Where lending is involved through an offshore company, banks will question the jurisdiction in which your company and/or trust has been established to ensure it is reputable and well regulated and on their approved list of acceptable jurisdictions. Consequently they may or may not accept your business accordingly and thus reputation, image and profile of the jurisdiction play a vitally important part.
We always recommend putting finance in place first before you register your offshore company as to do so beforehand could be costly should your finance not be approved.
In the menu above, we list a number of jurisdictions which feature regularly in our business activities and offer a little information on each. If you would like assistance with selecting professionals (Solicitors, Accountants, Corporate Service Providers etc) to assist you will be only to happy to give you some direction.