Blue Water Bar & Grill, Inc. Establishes Distilled Spirits Subsidiary
October 10, 2016 at 08:00 am EDT
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Blue Water Bar & Grill, Inc. announced it has established a new International Business Company subsidiary in Anguilla, British West Indies. This new holding company was established under the name TIGER REEF SPIRITS, LTD. Tiger Reef Spirits Ltd. will produce and sell a line of ultra premium rums under the Tiger Reef brand in the US as early as Summer 2017 with planned expansion of the brand into other major markets in subsequent years. Blue Water chose to domicile its new distilled spirits division in Anguilla to take advantage of various corporate benefits offered through an Anguilla IBC, including a zero corporate tax rate and various beneficial liability and indemnification protections extending to Blue Water’s shareholders and employees. Blue Water is also evaluating the feasibility of re-domiciling the publicly traded parent company in the future to Anguilla as well.
Tiger Reef, Inc. is a developer and operator of solar and clean renewable energy projects focused on reducing overall energy costs and the carbon footprint for Cannabidiol (CBD) producers and legalized marijuana growers. The Company also has developed a line of rums under the Tiger Reef brand. It is also a developer of Caribbean casual dining restaurant properties under the Mermaid Reef Ocean Grill & Lounge brand. The Companyâs wholly owned subsidiary is Tiger Reef, Ltd.