|
|
General
|
Seychelles
|
Seychelles
|
Panama
|
Belize
|
BVI
|
|
Company Type
|
IBC
|
Special License
|
Non-Resident
|
IBC
|
Business Company
|
|
Political Stability
|
Very Good
|
Very Good
|
Very Good
|
Good
|
Very Good
|
|
Legal System
|
Common/ Civil Law Hybrid
|
Common/ Civil Law Hybrid
|
Civil Law
|
Common Law
|
Common Law
|
|
Disclosure of Beneficial Owner to Registrar
|
No
|
Yes
|
No
|
No
|
No
|
|
Disclosure of Beneficial Owner to Registered Agent
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
|
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 Language Names Allowed
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Operational Objects
|
General Allowed
|
Specific required
|
General Allowed
|
General Allowed
|
General Allowed
|
|
Tax Resident
|
No
|
Yes
|
Optional
|
No
|
No
|
|
Tax on Worldwide Profits (not from local sources)
|
None
|
1.50%
|
None
|
None
|
None
|
|
Access to Double Taxation Avoidance Treaties
|
No |
Yes
|
If tax resident
|
No
|
No
|
|
USA Tax Information Exchange Agreement or Mutual Legal Assistance Treaty
|
No
|
No
|
No
|
Yes
|
Yes
|
|
Under jurisdiction of the EU
|
No
|
No
|
No
|
No
|
Yes
|
|
Corporate Requirements
|
Seychelles IBC
|
Seychelles CSL
|
Panama
|
Belize
|
BVI
|
|
Minimum Shareholders
|
One
|
Two
|
One
|
One
|
One
|
|
Minimum Directors
|
One
|
Two
|
Three
|
One
|
One
|
|
Bearer Shares Allowed
|
Yes
|
No
|
Yes
|
Yes*
|
Yes*
|
|
Corporate Directors Allowed
|
Yes
|
No
|
Yes
|
Yes
|
Yes
|
|
Company Secretary Required
|
No
|
Yes
|
Yes
|
No
|
No
|
|
Standard Authorized Share Capital
|
USD 100,000**
|
USD 1,000 (up to USD 100,000)
|
USD 10,000
|
USD 50,000
|
USD 50,000
|
|
Minimum Paid Up Capital
|
$1
|
10% of authorized share capital
|
$1
|
$1
|
$1
|
|
Corporate Seal
|
No
|
No
|
No
|
Yes
|
Yes
|
|
Local Requirements
|
|
|
|
|
|
|
Registered Agent
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Registered Office
|
Yes
|
Yes
|
No
|
Yes
|
Yes
|
|
Local Secretary
|
No
|
Yes
|
No
|
No
|
No
|
|
Local Directors
|
No
|
No***
|
No
|
No
|
No
|
|
Local Meetings
|
No
|
No
|
No
|
No
|
No
|
|
Government Registry of Directors
|
No
|
Yes, not public
|
Yes
|
No
|
No
|
|
Government Registry of Shareholders
|
No
|
Yes, not public
|
No
|
No
|
No
|
|
Annual Requirements
|
Seychelles IBC
|
Seychelles CSL
|
Panama
|
Belize
|
BVI
|
|
Audited Accounts
|
No
|
Yes
|
No
|
No
|
No
|
|
Annual Filing of Returns
|
No
|
Yes
|
No
|
No
|
No
|
|
Annual Meeting
|
No
|
No
|
No
|
No
|
No
|
|
Meeting Location
|
Anywhere, proxy also allowed
|
Anywhere, proxy also allowed
|
Anywhere, proxy also allowed
|
Anywhere, proxy also allowed
|
Anywhere, proxy also allowed
|
|
Incorporation Time
|
1-2 days
|
2- 4 weeks
|
4-5 days
|
1-2 days
|
1-2 days
|
|
Government Fees (excluding taxes)
|
$100
|
$1200
|
$300
|
$100
|
$350
|
* 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.
|
