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But these jurisdictions worry that Asian clients will increasingly shop closer to home, and have responded by stepping up their marketing efforts in Asia, sending high-level delegations and opening representative offices.According to an industry survey by OIL last year, Hong Kong could overtake the BVI as the leading seller of offshore firms within five years.
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Strongly international, it recently opened representative offices in Miami and Beijing.
It does not cost a lot to open representative offices, which can then quickly be expanded.
About 30 foreign banks have opened representative offices to establish a presence and research the market.
Two Taiwanese banks have won approval to open representative offices in China, opening another channel in commercial ties across the Taiwan Strait.
The government of Taiwan said it would allow Taiwanese banks to open representative offices in China, a move that it had resisted because of fear that growing economic ties between the political rivals could leave Taipei beholden to Beijing.
The firm continued to open new offices in the US in the mid-1960s and it was also at this time that SBC began to expand into Asia and opened representative offices throughout Latin America.
When the current exhibition opened, representatives of almost all the Sudanese political and regional groups came to the British Museum to join - with officials and ministers of the Khartoum government - in a celebration of their shared past.
About a dozen American and other foreign insurers are now doing business in China and several dozen other foreign insurers have been allowed to open representatives offices, like the one GAB Robins opened on June 8, in hopes of eventually receiving an operating license.
With his first question after opening statements, Representative Tom Davis, a Virginia Republican, asked each of the eight officials if he had discussed a contract with the vice president's office.
Google announced today that it is opening a representative office in the Philippines, which will be headed by country manager Narciso Reyes and based in Manila.
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