Its attraction lies in a combination of its tax exempt status and minimal disclosure and administrative requirements.

There are more than 15,000 international companies registered in the Turks and Caicos Islands.

The Turks and Caicos economy is based on tourism, offshore financial services, and fishing.

Marshall Islands

This Oceania nation is actually two archipelagic island chains of 29 atolls, each made up of many small islets, and five single islands. It's situated in the North Pacific Ocean, about half way between Hawaii and Australia.

US government assistance is the mainstay of this tiny island economy.

Montserrat

A Caribbean island, Montserrat is located in the Caribbean Sea, southeast of Puerto Rico.

Severe volcanic activities have hurt its economy.

The UK has launched a three-year $122.8 million aid program to help reconstruct the economy.

Image: A marine archaeologist measures and compares the hull remains of the so-called 'Black Rock Wreck' to the dimensions of known shipwrecks off East Caicos in the British colony of Turks and Caicos. | Photograph: National Oceanic and Atmospheric Administration/Reuters

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