Ugland House

Robert Maguire Ugland (1872-1957) was a British brewer and industrialist who founded the Tortuga factory in the British West Indies and who, having made his forture, devoted the autumn years of his life to corporate philanthropy. Setting up his first shelter — a safe house for lost and wayward corporate fictions, in Bermuda in 1923, and later established a colossal facility for unwanted limited liability corporations, general partnerships and Delaware subsidiaries in the Cayman Islands.

“Give me your poor, huddled, lost little special purpose vehicles of the world. Give them to me. I will feed them. I will shelter them, just as they will shelter you, and your taxable income.”