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General | Seychelles | Seychelles | Panama | Belize | BVI | Company Type | IBC | Special License | Non-Resident | IBC | Business Company | Political Stability | Very Good | Very Good | Very Good | Very 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 | No | No | No | Tax on Worldwide Profits | None | 1.50% | None | None | None | Access to Double Taxation Avoidance Treaties | No | Yes | No | 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 | No | No | 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, not public | 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 | No | 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 | 3-4 days | 1-2 days | 1-2 days | Government Fees (excluding taxes) | $100 | $1,200 | $250 | $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. |
