Created Date:
11 November 2021
Global

Offshore SPACS comparison table

With a significant uplift in special purpose acquisition companies in the US over the past couple of years, and with opportunities for increased SPAC activity in Europe, the advantages of offshore SPAC structures are more relevant than ever.

We have prepared a comparison of the suitability of various offshore jurisdictions as a domicile for SPAC entities. Download our full briefing to view the comparison table for Delaware, Bermuda, British Virgin Islands, Cayman Islands, Guernsey and Jersey.

Although Delaware has typically been the jurisdiction of choice for US SPACs, each of the five offshore jurisdictions covered provide a viable alternative for both US and European SPACs. They are mature offshore financial centres, with stable political systems and well-developed common law. Their flexible company law legislation, light touch regulation and competitive operating costs mark them out as genuine contenders.

Carey Olsen has been involved in establishing a number of offshore SPACs listed on a variety of exchanges. Please contact one of our lawyers listed on this page for further information. 

Please note that this briefing is intended to provide a very general overview of the matters to which it relates. It is not intended as legal advice and should not be relied on as such. © Carey Olsen 2023