Tag Archives | Cayman Islands

Artist Steals Identities Of 200,000 Corporations Avoiding Taxes In The Cayman Islands

Loophole For All is a move of extremely questionable legality but unquestionable inspiration from Paolo Cirio. The press release and introductory video explain:
Paolo Cirio, contemporary artist and pirate, hacked the governmental servers of the Cayman Islands and stole a list of all the companies incorporated in the country. Now on Loophole4All.com, he is selling the identities of those companies at a low cost to democratize the privileges of offshore businesses. Paolo hijacks the identities by moving their addresses to his Caymans mailbox and issuing counterfeited certificates of incorporation from the Caymans company registry. This massive corporate identity theft benefits from the anonymous nature of those companies since the real owners’ secrecy allows anybody to impersonate them. Through Loophole4All.com, anyone can hijack a Caymans company, from 99¢ for a certificate of incorporation for a real company to $49 for a mailbox in the offshore country with mail rerouting.
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Wyoming: The New Cayman Islands

Cayman IslandsKelly Carr and Brian Grow recently reported in Yahoo Finance:

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.

Neighbors say they see little activity there besides regular mail deliveries and a woman who steps outside for smoke breaks. Inside, however, the walls of the main room are covered floor to ceiling with numbered mailboxes labeled as corporate “suites.” A bulky copy machine sits in the kitchen. In the living room, a woman in a headset answers calls and sorts bushels of mail.

A Reuters investigation has found the house at 2710 Thomes Avenue serves as a little Cayman Island on the Great Plains.

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