Offshore Company Comparison Chart

Offshore company comparison chart comparing the popular offshore jurisdictions

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Offshore Company Comparison Chart

This page contains an offshore company comparison chart comparing the following popular offshore companies: Belize IBC, BVIBC, Hong Kong company, Seychelles IBC and Seychelles CSL. Sterling provides offshore company formation and related services for all of the following offshore companies below. Complete the simple online form at the link below to obtain a quotation.

 

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Offshore Companies Comparison Chart

General Seychelles Seychelles Belize BVI Hong Kong
Company Type International Business Company (IBC) Company “Special License” (CSL) International Business Company (IBC) Business Company Limited Company
Political Stability and Absences of Violence/Terrrorism (World Bank Index 0-100) 73.5 73.5 53.6 Not ranked 74.4
Legal System Civil/Common Law Hybrid Civil/Common Law Hybrid Common Law Common Law Common Law
Public Director Register? No Yes No No Yes
Public Share Register? No No No No No
Migration of Domicile Permitted? Yes (incoming and outgoing) Yes (incoming and outgoing) Yes (incoming and outgoing) Yes (incoming and outgoing) Yes (incoming and outgoing)
Non-English Names Allowed? Yes Yes Yes Yes Yes
Taxes
Tax Resident? Optional Yes Optional Optional Optional
Income Tax Rate 0% 1.5% (on worldwide income) 0% 0% *0%/16.5% (exempt unless derived in or from Hong Kong)
Capital Gains Tax Rate 0% 0% 0% 0% 0%
Withholding Taxes for dividends/interest/royalties paid to non-residents? 0/0/0% 0/0/0% 0/0/0% 0/0/0% 0/0/0%
Qualifies for Double Tax Avoidance Agreement Purposes? No Yes No No Yes
Corporate Requirements
Minimum Shareholders 1 2 1 1 1
Bearer Shares Allowed? No No Yes (must be held by approved custodian) Yes (must be held by approved custodian) No
Minimum Directors 1 2 1 1 1
Corporate Director Allowed? Yes No Yes Yes Yes
Company Secretary Mandatory? No Yes No No Yes
Minimum Paid Up Capital Any 10% of Authorised Capital Any Any Any
Local Requirements
Registered Agent Yes No Yes Yes No
Registered Office Yes Yes Yes Yes Yes
Secretary No Yes No No Yes
Directors No No (except if using for DTAA access) No No No
Meetings No No No No No
Shareholder and Director Registers Yes Yes Yes Yes Yes
Compliance Requirements
Must maintain accounts? Yes Yes Yes Yes Yes
Must file accounts? No Yes No Yes Yes
Accounts must be audited? No Yes No No Yes
Must file annual return? Yes Yes Yes Yes Yes
Meeting locations Board and general meetings may be held anywhere including Seychelles Board and general meetings may be held anywhere including Seychelles Board and general meetings may be held anywhere including Belize Board and general meetings may be held anywhere including BVI Board and general meetings may be held anywhere including Hong Kong
Incorporation
Incorporation Time (from receipt of all KYC/DD & payment) 1 Day 2-4 Weeks 1 Day 1 Day 5 Days
Initial/Annual Gov’t Fees (in USD terms) 100/100 1200/1200 100/100 350/350 512/290 (HKD3970/2250)