Offshore Company Comparison Chart

//Offshore Company Comparison Chart
Offshore Company Comparison Chart 2017-10-26T12:19:16+00:00

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

GeneralSeychellesSeychellesBelizeBVIHong Kong
Company TypeInternational Business Company (IBC)Company "Special License" (CSL)International Business Company (IBC)Business CompanyLimited Company
Political Stability and Absences of Violence/Terrrorism (World Bank Index 0-100)73.573.553.6Not ranked74.4
Legal SystemCivil/Common Law Hybrid Civil/Common Law HybridCommon LawCommon LawCommon Law
Public Director Register?NoYesNoNoYes
Public Share Register?NoNoNoNoNo
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 YesYesYesYes
Tax Resident?Optional YesOptionalOptionalOptional
Income Tax Rate0%1.5% (on worldwide income)0%0%*0%/16.5% (exempt unless derived in or from Hong Kong)
Capital Gains Tax Rate0%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?NoYesNoNoYes
Corporate Requirements
Minimum Shareholders12111
Bearer Shares Allowed?NoNoYes (must be held by approved custodian)Yes (must be held by approved custodian)No
Minimum Directors12111
Corporate Director Allowed?YesNoYesYesYes
Company Secretary Mandatory?NoYesNoNo Yes
Minimum Paid Up CapitalAny10% of Authorised CapitalAnyAnyAny
Local Requirements
Registered AgentYesNoYesYesNo
Registered OfficeYesYesYesYesYes
DirectorsNoNo (except if using for DTAA access)NoNoNo
Shareholder and Director RegistersYesYesYesYesYes
Compliance Requirements
Must maintain accounts?YesYesYesYesYes
Must file accounts?NoYesNoYesYes
Accounts must be audited?NoYesNoNoYes
Must file annual return?YesYesYesYesYes
Meeting locationsBoard and general meetings may be held anywhere including SeychellesBoard and general meetings may be held anywhere including SeychellesBoard and general meetings may be held anywhere including BelizeBoard and general meetings may be held anywhere including BVIBoard and general meetings may be held anywhere including Hong Kong
Incorporation Time (from receipt of all KYC/DD & payment)1 Day 2-4 Weeks1 Day1 Day5 Days
Initial/Annual Gov't Fees (in USD terms)100/1001200/1200100/100350/350512/290 (HKD3970/2250)
* Bearer shares must be immobilized and held in custody by either an "authorized" or "recognized" custodian in BVI or by the Registered Agent in Belize.
** Standard share capital is USD 100,000; however, Government fees remain only USD 100 for any authorized share capital with no limit.
*** While local directors are not "required" it is strongly suggested that local directors be appointed if the desire is to access any of the Double Taxation Avoidance Treaties.