Spain lies at the extreme southwest of Europe on the Iberian Peninsula and has borders with France, Gibraltar, Portugal and across the Mediterranean with Morocco. The country receives one of the most Foreign Direct Investments (FDI) in the world, providing substantial support and incentives for investors. Some of its strongest industries include tourism, manufacturing, and agriculture.
| General | |
| Type of company | Sociedad Limitada |
| Type of law | Civil |
| Time to incorporate (working days) | 28 |
| Corporate taxation | Yes |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | €3,000 |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | Yes |
| Government filing of Registrar of Directors | Yes |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | Yes |
|
Ultimate Beneficial Owner |
|
| Public access | Yes |
|
Company Secretary |
|
| Required | No |
|
Government Annual Filing |
|
| Annual return | Yes |
| Audited accounts | Yes |
Advantages
8:52pm (CEST)
General Information
Population
47,882,082 (est., as of 2016)
Language
Spanish
Currency
Euro
Company Information
Type of Company
Sociedad Limitada (S.L.)
Language of Company Name
Spanish
Suffixes to Denote Limited Liability
S.L.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
Malta’s increasing relevance as an international corporate services and business centre is attributable to several factors. In addition to its strategic geographical location and EU membership, its network of double taxation treaties and solid and comprehensive legislative framework provide sound basis for conducting business activities, particularly in the financial services, shipping and online gaming sector. Its strong economic ties with states outside of European Union gives significant advantage when it comes to foreign investments. This is coupled with several programs and schemes providing incentives or tax deductions for foreign entrepreneurs from various industries.
| General | |
| Type of company | Private Limited Liability |
| Type of law | Civil |
| Time to incorporate (working days) | 7 |
| Corporate taxation | Yes |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | €1,165 |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | Yes |
| Government filing of Registrar of Directors | Yes |
|
Shareholders |
|
| Minimum number | Two |
| Government filing of Registrar of Shareholders | Yes |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | Yes |
|
Government Annual Filing |
|
| Annual return | Yes |
| Audited accounts | Yes |
Advantages
8:52pm (CEST)
General Information
Population
425,799 (est., as of 2016)
Language
English and Maltese
Currency
Euro
Company Information
Type of Company
Private Limited Liability
Language of Company Name
Latin Alphabet
Suffixes to Denote Limited Liability
The name of the company must end with the word “Limited” or “Ltd.” in the case of private limited companies, and “plc” in the case of a public limited company.
Restrictions on Trading
No specific restrictions on trading imposed on Maltese companies. However, companies involved in particular spheres of economic activity, including investment services, insurance business, other financial services and also gaming activities, may require a licence.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
Italy is strategically located at the centre of Europe and is, giving With a business structure that favours privatisation of state-owned enterprises as well as the reduction of state intervention, foreign investors have opportunities of setting up a business in Italy through the acquisition of privatised enterprises.
| General | |
| Type of company | SàRL |
| Type of law | Civil |
| Time to incorporate (working days) | 21 |
| Corporate taxation | Yes |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | € 10,000 |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | Yes |
| Government filing of Registrar of Directors | Yes |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | Yes |
| Ultimate Beneficial Owner | |
| Public access | Yes |
|
Company Secretary |
|
| Required | No |
|
Government Annual Filing |
|
| Annual return | N/A |
| Audited accounts | Yes |
Advantages
8:52pm (CEST)
General Information
Population
60,795,612 (est., as of 2016)
Language
Italian
Currency
Euro
Company Information
Type of Company
Società a Responsabilità Limitata (SàRL)
Language of Company Name
Italian
Suffixes to Denote Limited Liability
SàRL
Restrictions on Trading
For specific industries like banking, insurance, financial services, consumer credit related services and employment agencies.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
Germany the founding member of the European Union (EU), and is recognised as the largest economy in Europe. It is one of the leading exporting nations worldwide and world-renowned for its technical, operational and engineering and automotive industries. In addition to being one of the most stable European country, Germany has a well-developed financial and banking market, with Frankfurt being one of the leading financial centers in Europe.
| General | |
| Type of company | GmbH |
| Type of law | Civil |
| Time to incorporate (working days) | 4 Weeks |
| Corporate taxation | Yes |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Migration of Domicile permitted | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | €25,000 with minimum of 25% paid up |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | No |
| Government filing of Registrar of Directors | No |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | Yes |
|
Ultimate Beneficial Owner |
|
| Public access | Yes |
|
Company Secretary |
|
| Required | No |
|
Government Annual Filing |
|
| Annual return | Yes |
| Audited accounts | Yes |
Advantages
8:52pm (CEST)
General Information
Population
80,219,695 (est., as of 2016)
Language
German
Currency
Euro
Company Information
Type of Company
Gesellschaft mit beschränkter Haftung (GmbH)
Language of Company Name
German
Suffixes to Denote Limited Liability
GmbH for Limited Company
Restrictions on Trading
Certain restrictions apply, including those that affect public safety, public transport, banking and insurance.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
As one of the largest economies in the world, France has aggressively sought to attract foreign direct investments with considerable success, making the process to start a company there simple and straightforward. Not only does France have a worldclass international banking network and a wide range of financial institutions with expertise in arranging financial transactions and transfers, it also has a well-developed legal and regulatory system broadly similar to other EU member states. There are mostly few restrictions on setting up companies and none on imports or capital from abroad.
| General | |
| Type of company | SàRL |
| Type of law | Civil |
| Time to incorporate (working days) | 4 Weeks |
| Corporate taxation | Yes |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | €1 |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | No |
| Government filing of Registrar of Directors | Yes |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | Yes |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | No |
|
Government Annual Filing |
|
| Annual return | Yes |
| Audited accounts | Yes |
Advantages
8:52pm (CEST)
General Information
Population
64,543,891 (est., as of 2016)
Language
French
Currency
Euro
Company Information
Type of Company
Société à Responsabilité Limitée (SàRL)
Language of Company Name
French or English
Suffixes to Denote Limited Liability
Limited Company
Restrictions on Trading
Certain restrictions apply to areas such as banking and insurance.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
Vietnam is the easternmost country in Southeast Asia. Though company formation in Vietnam can be difficult for foreign investors due to complex licensing procedures, economic reforms are attracting investors. An ample supply of affordable labour is also one of the reasons why investors are expanding into Vietnam. However, investors should be prepared for bureaucratic challenges.
| General | |
| Type of company | Limited Liability |
| Type of law | Civil Law |
| Time to incorporate (working days) | 10 weeks |
| Corporate taxation | Yes |
| Double taxation treaties | Yes |
| Registered office/agent | No |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | US$1 |
|
Directors |
|
| Minimum number | One |
|
Shareholders |
|
| Minimum number | One |
|
Company Secretary |
|
| Required | No |
| Local | No |
|
Government Annual Filing |
|
| Annual return | Yes |
| Audited accounts | Yes |
| Tax Filing | Yes |
| Publicly accessible accounts | No |
Advantages
1:52am (ICT)
General Information
Population
93,421,835 (est., as of 2016)
Type of Law
Civil Law
Language
Vietnamese
Currency
Vietnamese Dong
Company Information
Type of Company
Limited Liability Company (LLC)
Language of Company Name
May have up to three names: one in Vietnamese, another in a foreign language, and an abbreviated form of either .
Suffixes to Denote Limited Liability
The suffix “Limited” or “Ltd.” is required to appear at the end of the name of a Limited Liability Company.
Restrictions on Trading
Dependent on business nature
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
Thailand is a rapidly-developing nation located in Southeast Asia that offers a host of business opportunities. Its economic progression can be attributed to the presence of its good infrastructure and an efficient and competitive work force.
| General | |
| Type of company | Limited |
| Type of law | Civil Law |
| Time to incorporate (working days) | 14 |
| Corporate taxation | Yes |
| Double taxation treaties | Yes |
| Registered office/agent | No |
| Migration of domicile permitted | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | 2,000,000 THB for every foreign work permit |
|
Directors |
|
| Minimum number | One |
|
Shareholders |
|
| Minimum number | Three |
|
Company Secretary |
|
| Required | No |
| Local | No |
|
Government Annual Filing |
|
| Annual return | Yes |
| Audited accounts | Yes |
| Tax Filing | Yes |
| Publicly accessible accounts | No |
Advantages
1:52am (ICT)
General Information
Population
68,075,141 (est., as of 2016)
Type of Law
Civil Law
Language
Thai
Currency
Thai Baht
Company Information
Type of Company
Private Limited Company
Language of Company Name
Thai, English
Suffixes to Denote Limited Liability
The suffixes “Limited” or “Ltd.” is required to appear at the end of the name of a Private Limited Mompany.
Restrictions on Trading
Generally no restrictions except for education, media, financial or politically-sensitive businesses.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
The State of Delaware is the second smallest state in America situated on the east coast of the United States (U.S.). Delaware is divided into three counties, New Castle, Kent, and Sussex, of which New Castle is the most industrialised. Delaware is also the leading jurisdiction for company formation in the U.S..
| General | |
| Type of company | LLC |
| Time to incorporate (working days) | 2 – 3 |
| Corporate taxation | No |
| Double taxation treaties | No |
| Registered office/agent | Yes |
| Migration of domicile permitted | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | Nil |
| Standard authorised capital | Nil |
| Bearer shares permitted | Nil |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | No |
| Government filing of Registrar of Directors | No |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | No |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | Yes |
| Local | No |
|
Government Annual Filing |
|
| Annual return | Yes |
| Audited accounts | No |
| Tax Filing | No |
| Publicly accessible accounts | No |
Advantages
2:52pm (EDT)
Genenal Information
Population
897,934 (est., as of 2016)
Language
English
Currency
US dollar
Company Information
Type of Company
Limited Liability Company (LLC).
Language of Company Name
English
Suffixes to Denote Limited Liability
Must contain one of the following endings: LLC, L.L.C. or Limited Liability Company
Restrictions on Trading
Cannot undertake the business of banking, insurance, reinsurance, trust, fund management, investment schemes or activities related to banking, finance, fiduciary or insurance businesses.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
Seychelles comprises a group of islands in the Indian Ocean, to the north of Madagascar. It is well known for its excellent tax-free jurisdiction and offers good asset protection. With easy access to international banks and sophisticated banking facilities, opening bank accounts and handling bank related matters are less of a hassle. Seychelles also offers maximum confidentiality and is suitable for high-profile trading. With these features, Seychelles is fast becoming one of the most attractive offshore financial centres.
| General | |
| Type of company | IBC |
| Type of law | Hybrid |
| Time to incorporate (working days) | 7 |
| Corporate taxation | Nil |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | US$1 |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | Yes |
| Government filing of Registrar of Directors | No |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | No |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | No |
|
Government Annual Filing |
|
| Annual return | No |
| Audited accounts | No |
Advantages
10:52pm (MUT)
General Information
Population
91,687 (est., as of 2016)
Language
English
Currency
Seychelles Rupee
Company Information
Type of Company
IBC
Language of Company Name
English
Suffixes to Denote Limited Liability
The name of the company must end with the word ‘Limited’ or ‘Ltd.’.
Restrictions on Trading
Unable to trade within the Seychelles or own real estate, nor undertake the business of banking, insurance, assurance, reinsurance, fund management, asset management (other than the company’s own assets) or any other activity that would suggest an association with the banking and insurance industries. A Seychelles IBC cannot provide registered office facilities in the Seychelles or sell its shares to the public.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
Ras al Khaimah is a fast developing city and emirate situated against the backdrop of the Al Hajar Mountain Range in the north of the United Arab Emirates (UAE). Since its incorporation in 2000, Ras al Khaimah Free Trade Zone (RAKFTZ) has been committed to attracting investors in the service, manufacturing and industrial sectors. RAKFTZ is also one of the fastest growing free trade zones in the UAE, emerging as the preferred business hub of the Middle East and one of the most cost-effective business destinations in the region.
| General | |
| Type of company | Limited by shares |
| Type of law | Civil |
| Time to incorporate (working days) | 14 |
| Corporate taxation | Nil |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | DHS1,000 |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | Yes |
| Government filing of Registrar of Directors | Yes |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | Yes |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | No |
|
Government Annual Filing |
|
| Annual return | No |
| Audited accounts | Yes |
Advantages
10:52pm (GST)
General Information
Population
250,000 (est 2013)
Language
English, Arabic
Currency
Dirham
Company Information
Type of Company
Limited
Language of Company Name
English or Arabic
Suffixes to Denote Limited Liability
The name of the company must end with the word “Limited” or “Ltd.”.
Restrictions on Trading
Can only operate within the activities detailed on the Memorandum.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
Mauritius is a fast expanding offshore financial centre with a stable political atmosphere located in the Indian Ocean. Mauritius’s strong liberal economy, reputable banking system and expanding network of double treaties have made it an attractive country for huge investments into China, India, Indonesia and South Africa.
Mauritius boosts two reputable corporate structures, Global Business Category (GBC): GBC 1 and GBC 2. GBC 1 allows international entrepreneurs to access the double taxation agreements with other countries where there is no withholding tax on payments to non-residents. GBC 2 is an offshore company for which foreign income is tax-exempt.
| General | |
| Type of company | GBC 2 |
| Type of law | Hybrid |
| Time to incorporate (working days) | 7 |
| Corporate taxation | Nil |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | US$1 |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | Yes |
| Government filing of Registrar of Directors | No |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | No |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | No |
|
Government Annual Filing |
|
| Annual return | No |
| Audited accounts | No |
Advantages
10:52pm (MUT)
General Information
Population
1,329,528 (est., as of 2016)
Language
English
Currency
Mauritian Rupee
Company Information
Type of Company
Limited
Language of Company Name
French or English
Suffixes to Denote Limited Liability
Limited, Corporation, Incorporated, Public Limited Company, Société Anonyme, Société Anonyme à Responsabilité Limitée, Sociedad Anónima, Berhad, Proprietary, Naamloze Vennootschap, Besloten Vennootschap, Aktiengesellschaft, or the relevant abbreviations
Restrictions on Trading
Companies under GBC 2 are restricted from trading within the Republic of Mauritius.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
Jebel Ali Free Zone (JAFZA) is a free economic zone located in the Jebel Ali area in Dubai. Established in 1985, JAFZA is spread over an area of over 50 sq. kilometres and operates as the business capital of the Middle East. This international business hub, with its state-of-the-art infrastructure and outstanding business environment, offers a wide range of opportunities for business activities and operations.
| General | |
| Type of company | Limited by shares |
| Type of law | Civil |
| Time to incorporate (working days) | 10 |
| Corporate taxation | Nil |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | There is no minimum capital requirement if you are merely setting up a branch of your company.
For a Free Zone Establishment or Free Zone Company: 1 million UED or UED 500,000 respectively |
|
Directors |
|
| Minimum number | Two |
| Local director required | No |
| Corporate directors permitted | No |
| Government filing of Registrar of Directors | No |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | No |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | No |
|
Government Annual Filing |
|
| Annual return | No |
| Audited accounts | Yes |
Advantages
10:52pm (GST)
General Information
Population
2,467,518 (est., as of 2016)
Type of Law
Civil Law
Language
Arabic, English
Currency
Dirham (AED)
Company Information
Type of Company
Limited Liability Company (LBC)
Language of Company Name
Arabic or English
Suffixes to Denote Limited Liability
The name of the company must end with the word ‘Limited’ or ‘Ltd.’.
Restrictions on Trading
Can only operate within the activities detailed on the Memorandum.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
The United Kingdom (UK), or simply Britain, is a sovereign state located off the north-western coast of continental Europe. The country includes the island of Great Britain, the north-eastern part of the island of Ireland and many smaller islands. The UK has historically played a leading role in developing parliamentary democracy. As one of the five permanent members of the UN Security Council and a founding member of NATO and the Commonwealth, the UK pursues a global approach to foreign policy.
| General | |
| Type of company | LLP |
| Type of law | Common |
| Time to incorporate (working days) | 7 |
| Corporate taxation | Fiscally Transparent |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | £2 |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | Yes |
| Government filing of Registrar of Directors | Yes |
|
Shareholders |
|
| Minimum number | Two |
| Government filing of Registrar of Shareholders | Yes |
|
Ultimate Beneficial Owner |
|
| Public access | Yes |
|
Company Secretary |
|
| Required | No |
|
Government Annual Filing |
|
| Annual return | Yes |
| Audited accounts | Yes |
Advantages
7:52pm (BST)
General Information
Population
7,384,454,601 (est., as of 2016)
Language
English
Currency
Great Britain Pound (GBP)
Company Information
Type of Company
LLP
Language of Company Name
English
Suffixes to Denote Limited Liability
The name of the company must end with the word “Limited” or “Ltd.”.
Restrictions on Trading
Yes, for specified categories, which include banking, insurance, financial services, consumer credit related services and employment agencies.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
Cyprus is strategically located at the intersection of the routes between Western Europe, Russia and the Middle East. It is the third largest Mediterranean island and one of the most popular tourist destinations. As a full member of the European Union (EU), Cyprus enjoys one of the lowest EU tax rate of 12.5%. Due to its highly developed infrastructure, open market economy and support of various government incentive schemes, Cyprus is a popular choice amongst foreign investors. Cyprus is also ranked as the world's 24th freest economy of freedom enjoyed in business, trade, financial, investment and labour markets.
| General | |
| Type of company | Limited |
| Type of law | English Common Law |
| Time to incorporate (working days) | 5-7 |
| Corporate taxation | Yes |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Migration of domicile permitted | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | €1 |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | Yes |
| Government filing of Registrar of Directors | Yes |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | Yes |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | Yes |
| Local | No |
|
Government Annual Filing |
|
| Annual return | Yes |
| Audited accounts | Yes |
| Tax Filing | Yes |
| Publicly accessible accounts | No |
Advantages
9:52pm (EEST)
General Information
Population
1,206,190 (est., as of 2016)
Language
Greek
Currency
Euro
Company Information
Type of Company
Limited liability company (LLC), Cyprus Public Limited Company (plc), Branch office
Language of Company Name
Names may be expressed in Greek or any language using the Latin alphabet if the Registrar is in receipt of a Greek or English translation and the name is not considered undesirable.
Suffixes to Denote Limited Liability
The name of an LLC must end in one of the following: Ltd, Limited or other abbreviations.
Restrictions on Trading
Unable to undertake the business of banking, insurance or the rendering of financial services to the public unless special permission is granted. Companies cannot trade with resident individuals or companies situated in Cyprus other than in relation to the maintenance of premises, banking and professional services, unless with special permission from the Central Bank of Cyprus.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
Singapore has excellent international trading links with its strategic location in Southeast Asia. It is a well-known international business and financial hub, supported by numerous worldclass banking facilities, investment companies, accounting and legal firms. As a reputable international trading jurisdiction with an advanced economy, Singapore is one of the top choices for one’s business in Asia.
| General | |
| Type of company | Private Limited |
| Type of law | English Common Law |
| Time to incorporate (working days) | 2-3 |
| Corporate taxation | Yes* |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Migration of domicile permitted | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | SGD1 |
| Standard authorised capital | NA |
| Bearer shares permitted | No |
|
Directors |
|
| Minimum number | One |
| Local director required | Yes – one |
| Corporate directors permitted | No |
| Government filing of Registrar of Directors | Yes |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | Yes |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | Yes |
| Local | Yes |
|
Government Annual Filing |
|
| Annual return | Yes ** |
| Audited accounts | Yes |
| Tax Filing | Yes |
| Publicly accessible accounts | Yes |
*
A Singapore company with foreign investments that is structured and administered well may not be liable for tax on profits generated from activities conducted outside of Singapore. Singapore’s corporate taxation is 17%. New start-up companies may be qualified for a partial tax exemptions scheme, which includes full tax exemption on the first $100,000 of normal chargeable income (excluding Singapore franked dividends) for the initial three consecutive years. A further 50% exemption is given on the next $200,000 on a qualifying company’s normal chargeable income (excluding Singapore franked dividends).
**
All Singapore incorporated companies are required to file for annual return and must appoint an auditor within three months from the date of incorporation, unless the company is exempted from audit requirements.
To be exempted from audit requirements, the company must be a private company that fulfils at least two of the following three quantitative criteria in each of the immediate past two financial years (FYs):
Total annual revenue of not more than S$10 million;
Total assets of not more than S$10 million;
Number of employees of not more than 50.
Advantages
2:52am (SGT)
General Information
Population
5,494,034 (est., as of 2016)
Type of Law
English Common Law
Language
English, Mandarin, Malay, Tamil
Currency
Singapore dollar (SGD)
Company Information
Type of Company
Private Limited Company, Sole Proprietorship and Partnership, with the first as the most common. In this case, the company possesses the full rights and powers as a natural person.
Language of Company Name
Latin alphabet
Suffixes to Denote Limited Liability
The suffixes Private Limited or Pte Ltd. are required for privately owned companies to denote limited liability. The suffixes Limited, Ltd., Company Limited or Co. Ltd. are required for public companies.
Restrictions on Trading
Generally no restrictions except for education, media, financial or politically-sensitive businesses.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
New Zealand is an island country in the Southwestern Pacific Ocean with high standards of living, a stable political system and low crime rate. New Zealand is one of the top choices for offshore incorporation and offers considerable benefits to those involved in international tax planning. If properly structured, a New Zealand resident company can operate as a tax-free offshore company.
| General | |
| Type of company | Limited Liability |
| Type of law | English Common Law |
| Time to incorporate (working days) | 5-6 |
| Corporate taxation | Yes |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Migration of domicile permitted | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | 1 |
| Standard authorised capital | NZ$10,000 |
| Bearer shares permitted | No |
|
Directors |
|
| Minimum number | One |
| Local director required | Yes – must be a natural person |
| Corporate directors permitted | No |
| Government filing of Registrar of Directors | Yes |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | Yes |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | No |
| Local | No |
|
Government Annual Filing |
|
| Annual return | Yes |
| Audited accounts | Yes |
| Tax Filing | Yes |
| Publicly accessible accounts | No |
Advantages
6:52am (NZST)
General Information
Population
4,596,492 (est., as of 2016)
Type of Law
English Common Law
Language
English, Māori
Currency
New Zealand dollar
Company Information
Type of Company
Limited Liability Company, Public Limited Company, Branch and Representative Office.
Language of Company Name
English
Suffixes to Denote Limited Liability
The name of a New Zealand company must end with the word “Limited” or the suffix “Ltd.”.
Restrictions on Trading
Generally no restrictions except for banking, insurance and trust related businesses.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
Hong Kong consists of a large number of islands and a part of the Chinese mainland. Due to its location in the South China Sea and excellent harbour, Hong Kong has become immensely popular as an international trade, industrial and financial centre. Its low tax rate, strong infrastructure and minimal government regulation have enabled Hong Kong to position itself as the gateway financial centre of the Pacific and Far East.
| General | |
| Type of company | Limited |
| Type of law | English Common Law |
| Time to incorporate (working days) | 3-5 |
| Corporate taxation | None on foreign profits |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Migration of domicile permitted | No |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | 1 share |
| Standard authorised capital | HKD10,000 |
| Bearer shares permitted | No |
|
Directors |
|
| Minimum number | One |
| Local director required | No, but at least one natural person |
| Corporate directors permitted | Yes |
| Government filing of Registrar of Directors | Yes |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | Yes |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | Yes |
| Local | Yes |
|
Government Annual Filing |
|
| Annual return | Yes |
| Audited accounts | Yes |
| Tax Filing | Yes |
| Publicly accessible accounts | No |
Advantages
2:52am (HKT)
General Information
Population
7,304,000 (est., as of 2016)
Type of Law
English Common Law
Language
Mandarin, English and Cantonese as the recognised regional language
Currency
Hong Kong dollar
Company Information
Type of Company
International Business Company (IBC).
An IBC possesses the full rights and powers as a natural person.
Language of Company Name
English. Names with Chinese characters can be included on the company’s Certificate of Incorporation.
Suffixes to Denote Limited Liability
Limited / 有限公司—May denote either a private or public company limited by shares, or a company limited by guarantee.
Restrictions on Trading
Unable to undertake the business of banking, insurance, reinsurance. Also unable to solicit funds from or sell its shares to the public.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
Australia is situated between the Indian Ocean and the South Pacific Ocean. In January 2013, Australia assumed a non-permanent seat on the United Nations Security Council and has since become one of the fastest growing economies with a divert of a large portion of trade towards Japan and East Asian markets. It also has a well-developed financial services industry.
|
General |
Proprietary Limited |
Public Limited |
| Type of law |
English Common Law |
|
| Time to incorporate (working days) |
5 – 6 |
|
| Corporate taxation |
30% |
|
| Double taxation treaties |
Yes |
|
| Registered office/agent |
Yes |
|
| Migration of domicile permitted |
No |
|
| Local meetings |
No |
|
|
Share capital or equivalent |
||
| Minimum paid up |
Not applicable |
|
| Standard authorised capital |
Not applicable |
|
| Bearer shares permitted |
Not permitted |
|
|
Directors |
||
| Minimum number |
One |
Three |
| Local director required |
Yes, at least one |
Yes, at least two |
| Corporate directors permitted |
No |
No |
| Government filing of Registrar of Directors |
Yes |
Yes |
|
Shareholders |
||
| Minimum number |
One |
One |
| Government filing of Registrar of Shareholders |
Yes |
Yes |
|
Ultimate Beneficial Owner |
||
| Public access |
No |
No |
| Company Secretary | ||
| Required |
No |
Yes |
| Local |
Yes, if appointed |
Yes |
|
Government Annual Filing |
||
| Annual return |
No |
No |
| Audited accounts |
Not for small companies |
Yes |
| Tax Filing |
Yes |
Yes |
| Publicly accessible accounts |
Yes |
Yes |
4:52am (AEST)
General Information
Population
24,000,300 (est., as of 2016)
Type of Law
English Common Law
Language
English
Currency
Australian dollar
Company Information
Type of Company
Australia offers:
(1) Proprietary Company
(2) Public Company
Proprietary Companies
A Proprietary Company is restricted to 50 non-employee members, with a minimum of one member and at least one Australian-resident director and an Australian-resident company secretary. This type of company can be classified into two categories:
Large Proprietary Companies
A Large Proprietary Company and its controlled entities must have 50 or more employees. Its consolidated and operating revenue must exceed AUD 25 million, along with assets exceeding AUSD 12.5 million.
Small Proprietary Companies
By exclusion, a Small Proprietary Company is any company that does not meet the above criteria.
Public Companies
Public Companies can have an unlimited number of members with at least an Australian-resident company secretary and a minimum of three directors, two of whom must be Australian residents.
Language of Company Name
English. Names can be in a foreign language.
Suffixes to Denote Limited Liability
Proprietary Companies
Limited by Shares (Pty. Ltd. or Proprietary Limited or a combination of both)
Unlimited with Share Capital (Pty. or Proprietary i.e. no Ltd or Limited)
Public Companies
Limited by Shares (Ltd or Limited)
Unlimited with Share Capital (No suffix required)
Limited by Guarantee (Ltd or Limited)
No Liability Company (N.L. or No Liability) – A type of mining, speculative or research company with no right to call up the unpaid issue price of shares
Restrictions on Trading
Unable to undertake the business of banking, insurance, reinsurance, public trustee services, financial services.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
The Republic of Panama is located between Costa Rica and Colombia. Panama is a tax-free jurisdiction and is one of the world’s most stable offshore banking centres. With a professional infrastructure and favourable commercial secrecy laws, it has become the top choice for offshore incorporation. Panama also possesses the world’s principal yacht and ship registration, with an economy heavily weighted towards banking, commerce, tourism, and trading.
| Corporate Features | |
|
General |
|
| Type of company | IBC |
| Type of law | Spanish Civil Law |
| Time to incorporate (working days) | 2-3 |
| Corporate taxation | No |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Migration of domicile permitted | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | US$1 |
| Standard authorized capital | US$10,000 |
| Bearer shares permitted | Yes |
|
Directors |
|
| Minimum number | Three |
| Local director required | No |
| Corporate directors permitted | Yes |
| Government filing of Registrar of Directors | Yes |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | No |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | Yes |
| Local | No |
|
Government Annual Filing |
|
| Annual return | No |
| Audited accounts | No |
| Tax Filing | No |
| Publicly accessible accounts | No |
Advantages
1:52pm (EST)
General Information
Population
4,025,434 (est., as of 2016)
Type of Law
Spanish Civil Law
Language
Spanish
Currency
Balboa, US dollar
Company Information
Type of Company
International Business Company (IBC). An IBC possesses the full rights and powers as a natural person.
Language of Company Name
Names may be expressed in any language using the Latin alphabet. There may be a need for a English or Spanish translation.
Suffixes to Denote Limited Liability
There is no requirement to utilise a suffix to denote limited liability, although normally companies are incorporated to include: Limited, Incorporated, Corporation or other abbreviations.
Restrictions on Trading
Cannot undertake the business of banking, insurance, reinsurance, trust, fund management, investment schemes or activities related to banking, finance, fiduciary or insurance businesses.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
The Cayman Islands is a British overseas territory and consists of a group of three islands located in the western Caribbean Sea. Cayman Islands is one of the largest offshore financial centres in the world with over 600 banks. By offering a well-regulated and tax-neutral offshore business environment, Cayman Islands enjoys a strong economy, with most of the revenue being derived from the financial services sector and tourism. In 2013, the Cayman Islands was ranked by the “Financial Secrecy Index’^ as the fourth safest tax haven in the world.
| General | |
| Type of company | Exempt |
| Type of law | English Common Law |
| Time to incorporate (working days) | 3 – 5 |
| Corporate taxation | No |
| Double taxation treaties | No |
| Registered office/agent | Yes |
| Migration of domicile permitted | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | US$1 |
| Standard authorised capital | US$50,000 |
| Bearer shares permitted | Yes |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | Yes |
| Government filing of Registrar of Directors | No |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | No |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | No |
| Local | No |
|
Government Annual Filing |
|
| Annual return | Yes |
| Audited accounts | No |
| Tax Filing | No |
| Publicly accessible accounts | No |
Advantages
1:52pm (EST)
General Information
Population
63,188 (est., as of 2016)
Type of Law
English Common Law
Language
English
Currency
Cayman Islands dollar
Company Information
Type of Company
Exempt. An exempt company possesses the full rights and powers as a natural person.
Language of Company Name
Any name in a language other than English must be translated. Names with Chinese characters can be included on the company’s Certificate of Incorporation.
Suffixes to Denote Limited Liability
There is no requirement to utilise a suffix to denote limited liability although companies are commonly incorporated to include the suffixes: Limited, Incorporated, Corporation or other abbreviations.
Restrictions on Trading
Unable to trade in Cayman Islands, own real estate, or undertake the business of banking, insurance, reinsurance, trust, fund management unless licensed.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
Belize is an independent country located on the Caribbean Sea in central America. Following its independence in 1981, Belize has enjoyed a history of peace and stability. Unlike other offshore jurisdictions, Belize relies heavily on tourism, marine products and agricultural produce. These industries contribute significantly to Belize’s foreign exchange earnings. In recent years, there is greater accessibility to the world markets, leading to a rapid expansion of both the tourism and international financial industries.
| General | |
| Type of company | IBC |
| Type of law | English Common Law |
| Time to incorporate (working days) | 2 – 3 |
| Corporate taxation | No |
| Double taxation treaties | No |
| Registered office/agent | Yes |
| Migration of domicile permitted | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | Nil |
| Standard authorised capital | US$50,000 |
| Bearer shares permitted | Yes |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | Yes |
| Government filing of Registrar of Directors | No |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | No |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | No |
| Local | No |
|
Government Annual Filing |
|
| Annual return | No |
| Audited accounts | No |
| Tax Filing | No |
| Publicly accessible accounts | No |
Advantages
12:52pm (CST)
General Information
Population
351,544 (est., as of 2016)
Type of Law
English Common Law
Language
English
Currency
Belize dollar
Company Information
Type of Company
International Business Company (IBC). An IBC possesses the full rights and powers as a natural person.
Language of Company Name
Names can be in any language. Names with Chinese characters can be included on the company’s Certificate of Incorporation.
Suffixes to Denote Limited Liability
The name of an IBC must end in one of the following: Ltd., Corp., Inc, S.A., NV, GmbH or other abbreviations.
Restrictions on Trading
Unable to trade in Belize or own real estate or undertake the business of banking, insurance, reinsurance, trust or company management services.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
Anguilla is one of Britain’s overseas territories. It is situated in the Caribbean with flight connections to major United States cities, Europe and Latin America. Though relatively new as an offshore centre, Anguilla’s infrastructure and telecommunication networks are well-developed and reputable. The significant growth on revenues earned from foreign investors further affirms Anguilla’s role as a major player in the international market.
| General | |
| Type of company | IBC |
| Type of law | English Common Law |
| Time to incorporate (working days) | 2 – 3 |
| Corporate taxation | No |
| Double taxation treaties | No |
| Registered office/agent | Yes |
| Migration of domicile permitted | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | Nil |
| Standard authorised capital | US$1,000,000 |
| Bearer shares permitted | Yes |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | Yes |
| Government filing of Registrar of Directors | Optional |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | Optional |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | Optional |
| Local | No |
|
Government Annual Filing |
|
| Annual return | No |
| Audited accounts | No |
| Tax Filing | No |
| Publicly accessible accounts | No |
Advantages
2:52pm (AST)
General Information
Population
16,849 (est., as of 2016)
Type of Law
English Common Law
Language
English
Currency
East Caribbean dollar
Company Information
Type of Company
International Business Company (IBC). An IBC possesses the full rights and powers as a natural person.
Language of Company Name
Names can be in any language. Names with Chinese characters can be included on the company’s Certificate of Incorporation.
Suffixes to Denote Limited Liability
The name of an IBC must end in one of the following: Ltd., Corp., Inc, S.A., NV, GmbH or other abbreviations.
Restrictions on Trading
Unable to trade with residents on Anguilla or undertake the business of banking, insurance, reinsurance, trust or company management services.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
The BVI is located in the Caribbean territory of the United Kingdom. Since the adoption of the International Business Companies Act in 1984, BVI is the world’s preeminent offshore jurisdiction and has become one of the most commonly used corporate centres with over 600,000 International Business Companies incorporated under it. BVI has maintained its leadership position in the international offshore incorporation market due to its political stability, legislation’s flexibility, commitment to privacy and a well-developed professional and commercial infrastructure.
| General | |
| Type of company | BC |
| Type of law | English Common Law |
| Time to incorporate (working days) | 2 – 3 |
| Corporate taxation | No |
| Double taxation treaties | No |
| Registered office/agent | Yes |
| Migration of domicile permitted | Yes |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | S$1 |
| Standard authorised capital | US$50,000 |
| Bearer shares permitted | Yes |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | Yes |
| Government filing of Registrar of Directors | No |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | No |
|
Ultimate Beneficial Owner |
|
| Public access | No |
|
Company Secretary |
|
| Required | No |
| Local | No |
|
Government Annual Filing |
|
| Annual return | No |
| Audited accounts | No |
| Tax Filing | No |
| Publicly accessible accounts | No |
Advantages
2:52pm (AST)
General Information
Population
27,731 (est., as of 2016)
Type of Law
English Common Law
Language
English
Currency
US dollar
Company Information
Type of Company
Business Company (BC). A BC possesses the full rights and powers as a natural person.
Language of Company Name
Latin alphabet. Any name in a language other than English must be translated. Names with Chinese characters can be included on the company’s Certificate of Incorporation.
Suffixes to Denote Limited Liability
The name of an IBC must end in one of the following: Ltd., Corp., Inc, S.A., NV, GmbH or other abbreviations.
Restrictions on Trading
Unable to trade in BVI or own real estate or undertake the business of banking, insurance, reinsurance, trust, fund management or any investment consultancy services.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
China is situated in Eastern Asia between North Korea and Vietnam, bordering the East China Sea, Korea Bay, Yellow Sea, and South China Sea,. For centuries, China stood as a leading civilisation until World War II where the communists under Mao Zedong established an autocratic socialist system. After 1978, Mao's successor Deng Xiaoping and other leaders focused on developing its economy and since the early 1990s, China has increased its global outreach and participation in international organisations. By 2000, its economic output had quadrupled.
| General | |
| Type of company | WFOE |
| Type of law | Civil Law |
| Time to incorporate (working days) | 3 months |
| Corporate taxation | Yes |
| Double taxation treaties | Yes |
| Registered office/agent | Yes |
| Migration of domicile permitted | No |
| Local meetings | No |
|
Share capital or equivalent |
|
| Minimum paid up | Depends on business nature |
| Standard authorised capital | Depends on business nature |
|
Directors |
|
| Minimum number | One |
| Local director required | No |
| Corporate directors permitted | No |
| Government filing of Registrar of Directors | Yes |
|
Shareholders |
|
| Minimum number | One |
| Government filing of Registrar of Shareholders | Yes |
|
Ultimate Beneficial Owner |
|
| Public access | Yes |
| Company Secretary | |
| Required | No |
| Local | No |
|
Government Annual Filing |
|
| Annual return | Yes |
| Audited accounts | Yes |
| Tax Filing | Yes |
| Publicly accessible accounts | No |
Advantages (WFOE)
2:52am (CST)
General Information
Population
1,379,993,706 (est., as of 2016)
Type of Law
Civil Law
Language
Mandarin
Currency
Renminbi (RMB)
Company Information
Type of Company
Foreign investors can generally establish a business presence in the following categories:
Wholly Foreign Owned Enterprise (WFOE)
Wholly Foreign Owned Enterprise (WFOE) is a limited liability company formed in China entirely with foreign capital and owned by the foreign investor. A WFOE requires registered capital and its liability is limited to its equity. Taxes on the generated income are paid in China and profits can be repatriated back to the investor’s home country. Any limited liability enterprise in China which is 100% owned by a foreign company, individual(s) or companies can be called as WFOE.
Representative Office (RO)
Representative Office (RO) is a liaison office of its parent company and requires no registered capital. Its activities in China are limited to: product or service promotion, market research of parent company’s business, quality control or contact liaison. A RO is generally prohibited from generating any revenue or entering into contracts with local businesses in China.
Joint Venture (JV)
Joint Venture (JV) is a limited liability company formed between a Chinese company and a foreign investor. The parties agree to create an entity by both contributing equity, sharing the revenues, expenses, and control of the enterprise. A JV is usually used by foreign investors to enter restricted industries such as education, entertainment, mining and healthcare.
Language of Company Name
Mandarin
Suffixes to Denote Limited Liability
In English, if applicable, names such as: Limited or Ltd., Company, Corporation.
Restrictions on Trading
Unable to conduct import and export activities, unless with an import and export license.
* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.
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