https://en.wikipedia.org/wiki/Corporate_haven
History
Corporate Havens are a post 1970s global economic phenomenon. This decade more or less marked the end of colonialism and the formation of EU in the form of the EEC. Many legal and taxation processes culminated in this decade that led to the formation of Tax Havens and Corporate Havens throughout the developed world.
North America
Within the United States, Delaware is considered the pre-eminent corporate haven for both domestic and foreign large public corporations, while Nevada, Wyoming, Alaska, Puerto Rico, and the U.S. Virgin Islands are corporate havens for small closed corporations.
Delaware, through its developed legal system and laws protecting shareholder rights, is geared toward the large complex public corporation, whereas Nevada and Wyoming are more attractive to the small privately held corporation.
Delaware law tends to protect the rights of boards of directors and shareholders, while Nevada and Wyoming tend to favor management.
In the U.S. Virgin Islands, aside from the fact that there are no property and import taxes in the territory, it has been successful in luring small businesses in investing in the economy with generous tax breaks.
Companies receiving a 90% tax and a personal income tax cut. Puerto Rico recently opened up as a corporate tax haven for American citizens.
Non-Puerto Rican citizens who move to Puerto Rico from anywhere else in the U.S. will receive automatic tax incenitives and a 100 percent tax break. The same incentives are offered to small corporations that are not Puerto Rican, but move their office(s) there.
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