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THE COMPANY BELIZE BRITISH VIRGIN ISLANDS(BVI) DELAWARE DUBAI GIBRALTAR
Incorporation
£275
£400
£315
£685
£450
Registered Office*
£175
£175
£175
£500
£270
Local Registered Agent*
£150
£225
£150
£500
N/A
DIRECTORS AND SHAREHOLDERS
Number of Directors required
One
One
Two
One
One
Another Company as Director?
Yes
Yes
No
Yes
Yes
Nominee service available
Yes
Yes
Yes
Yes
Yes
Cost per Nominee*
£150
£150
£150
£500
£150
Number of Shareholders required
One
One
N/A
One
One
Another Company as Shareholder?
Yes
Yes
N/A
Yes
Yes
COMPANY SECRETARY
Company Secretary required
No but recommended
No but recommended
No
No
Yes
Company Secretary available
Yes
Yes
N/A
N/A
Yes
Cost per Company Secretary
£150
£150
N/A
N/A
£150
BANK ACCOUNT
£395
£395
£395
£395
£395
OTHER INFORMATION
Company Formation Time
48 hours
48 hours
48 hours
48 hours
3 days
Requirement to visit the country
No
No
No
No
No
Accounts filing required
No
No
No
No
Yes
Annual Returns required
No
No
No
No
Yes
Annual Government fee/return fee
£100
£350
£250
£275
£325
Date Government fee/taxes due
1st Jan
1st Jan or 1st Jul depending when Co. was formed
1st June
Anniversary of Incorporation
Anniversary of Incorporation
ADVANTAGES
ADVANTAGES OF EACH JURISDICTION
Increasingly popular low cost centre that wants Offshore business

No taxes

No information on public file

No stamp duty
The top offshore centre

Low taxes

Legislation ensures confidentiality

Popular centre for international companies
The main US Corporate formation state

No information on public file

Nil tax on worldwide trading

Needs only members to form an LLC

One of the most politically and financially stable countries

Highly developed infrastructure in a strategic location

No information on public file

Zero tax

Zero VAT
Member of EU, not seen as a tax haven

British territory in Europe

Low tax

Zero VAT
DISADVANTAGES
DISADVANTAGES OF EACH JURISDICTION
Ownership cannot be proven

Low profile, not universally known

Cannot trade in Belize
Difficult to prove ownership

Distant jurisdiction for European clients

Cannot trade in BVI
Does not have USA 'directors' but 'members'

Unusual company documents

Cannot trade in USA
More expensive to set up and maintain than other jurisdictions

but considered the entrepreneurs paradise
Colony under pressure from Spain

VAT registration not possible in Gibraltar

Cannot trade in Gibraltar