Very cost effective with low annual fees.
International Business Companies are exempt from all
Not recommended for high profile trading operations
International Business Company
Corporate legislation source
Common Law International Business Companies Act 1994
Certain words are prohibited, e.g. Assurance, Bank, Building
Society, Insurance, etc. Names must end with an appropriate suffix
such as ‘Incorporated’, ‘Societe Anonyme’, ‘Limited’ etc.
Time taken to incorporate
2 - 3 days
Are shelf companies available?
Usual minimum capital
0-5000 = US$100, 5001-50,000 = US$300, 50,001+ = US$1000
Minimum number of shareholders
Are bearer shares/shares of no par value possible?
Directors: minimum number/corporate: directors allowed/location
Secretary: mandatory/corporate Resident: secretary allowed/location
Is there a requirement for a Registered Office/Registered Agent?
Is any information required by the authorities prior to incorporation or prior to tax status being granted?
What information is available on the public file?
Memorandum & Articles of Association, Registered Office
& Registered Agent.
What documents must be kept at the Registered Office?
Copies of the Register of Members and Register of Directors
Corporate books & seal
Are accounts required/filed?
Is an annual return required?
Where are meetings to be held?
Annual fees payable to the government: Tax/Annual Return Filing Fee
See "Capital Duty" above / US$200
Are there any exchange controls?