Ugland House is an office building in George Town, Grand Cayman, which for several months has been the subject of highly-charged comment in press and political circles. Amongst other things, companies registered at Ugland House have been described as "shells", owned by individuals to evade tax and take advantage of secrecy laws.
Those comments are wrong, and arise from several myths. This web site sets out to refute those myths and explain what really happens in Ugland House. Far from the negative image generated by those who misunderstand the nature of institutional financial work, offshore vehicles such as those registered at Ugland House operate in a highly developed and stable regulatory structure, make a lasting and necessary contribution to economies and jobs onshore and play a crucial role in the worldwide economic recovery as a whole.
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