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FLAG OF CONVENIENCE COUNTRIES

Statistics Directorate    
Definition:
Flag of convenience countries are countries with favourable tax rules and other regulations attracting part or whole companies whose main business (originally shipping, now often production or services) is outside the country.

Source Publication:
External Debt: Definition, Statistical Coverage and Methodology, A Report by an International Working Group on External Debt Statistics of the World Bank, IMF, BIS, OECD, OECD, Paris, 1988, Glossary.

Statistical Theme: Financial statistics

Created on Tuesday, September 25, 2001

Last updated on Monday, November 12, 2001