| OFFSHORE LIMITED COMPANY |
|
|
|
Type of Company |
International Business Company (IBC) |
Exempted |
|
Disclosure of Beneficial Ownership |
No |
No |
|
Transfer of Domicile Permitted |
Yes |
Yes |
|
Tax on Offshore Profits |
Nil |
Nil |
|
Chinese Names Allowed on Certificate of Incorporation |
No |
Yes |
|
Chinese constituting documents allowed |
Yes |
No |
|
Time to Incorporate (days) once name approval is confirmed |
1 day |
2 days |
|
Shelf Companies Available |
Yes |
Yes (although not common) |
|
CORPORATE REQUIREMENTS |
|
|
|
Minimum Number of Shareholders |
1 |
1 |
|
Minimum Number of Directors |
1 |
1 |
|
Bearer Shares Permitted |
Yes |
Yes |
|
Both Individual and/or Corporate Directors Permitted |
Yes |
Yes |
|
Secretary Required |
Optional (no statutory requirement) |
Optional (no statutory requirement) |
|
Appointment of an Auditor |
No statutory requirement to appoint an auditor |
No statutory requirement to appoint an auditor |
|
File Accounts with Govt./Registry |
No |
No |
|
Common Seal |
Yes (directors responsible for safekeeping) |
Yes (directors responsible for safekeeping) |
|
LOCAL REQUIREMENTS |
|
|
|
Resident Registered Office & Agent |
Yes |
Yes |
|
Company Secretary |
No |
No |
|
Local Resident Directors |
No |
No |
|
Local Meetings & Annual General Meeting (AGM) |
No |
No |
|
Location of Corporate Records |
Anywhere at the directors discretion |
Anywhere at the directors discretion |
|
Government/Registry Filing of Register of Directors |
No (But must be kept at Registered Office) |
Yes (Must also be kept at Registered Office) |
| Government/Registry Filing of Register of Shareholders |
No (But must be kept at Registered Office) |
No |
|
Register of Mortgages, Charges & Other Encumbrances |
Yes, at Registered Office, optional at Registry |
Yes, at Registered Office |
|
GOVT. FEES & ANNUAL REQUIREMENTS |
|
|
|
Incorporation |
US$300.00 (if authorised capital is US$50,000) |
US$573.00 (if authorised capital is US$50,000) |
|
Annually from Second Year |
US$300.00 (if authorised capital is US$50,000) |
US$573.00 (if authorised capital is US$50,000) |
|
Annual Return |
No |
Yes (Must file details of directors) |
For further information on the British Virgin Islands and Cayman Islands Jurisdictions, please contact us.
The AMS Group
Sea Meadow House, Road Town,
Tortola, British Virgin Islands
Tel: (284) 494 3399 -
Fax: (284) 494 3041
Contact us by e-mail
