Country Comparison

Offshore Incorporations, Bank Accounts, and Services.

	British Virgin Islands more info	Samoa more info	Nevada (USA) more info	Belize more info	Cayman Islands more info	Delaware (USA)	Anguilla more info	Bahamas more info	Panama more info	Liberia more info
Offshore Inc Rating
Type of company	IBC	International	Corporation	IBC	Exempt	Corporation	IBC	Exempted	Ltd	Company
Common or Civil Law Jurisdiction	Common	Common	Common	Common	Common	Common	Common	Common	Civil	Civil
Shelf Company Availability	Yes	Yes	No	Yes	Yes	No	No	No	No	Yes
Minimum annual government fee	US$ 300	US$ 300	US$ 125	US$ 100	US$ 575	US$ 35	US$ 200	US$ 350	US$ 250	US$ 150
Annual return required	No	No	No	No	No	Yes	No	No	No	No
Taxation on foreign profits	None	None	U.S. Govt., Taxes Only	None	None	U.S. Govt., Taxes Only	None	None	None	None
Disclosure of beneficial ownership	No	Only to Agent	No	Only to Agent	No	No	No	Yes	No	No
Bearer shares permitted	Yes	Yes	Yes	Yes	Yes	No	Yes	No	Yes	Yes
Standard minimum paid up capital	US$ 1	US$ 1	US$ 0	US$ 1	US$ 1	US$ 0	US$ 0	US$ 5,000	US$ 0	US$ 0
Standard authorised share capital	US$ 50,000	US$ 1,000,000	US$ 75,000	US$ 50,000	US$ 50,000	N/A	US$ 50,000	US$ 50,000	500 NPV Shares	500 NPV Shares
Permitted currencies of capital	Any	Any	US$	Any	Any	US$	US$	US$	US$	US$
Minimum number of shareholders	1	1	1	1	1	1	1	1	1	1
Minimum number of Directors	1	1	1	1	1	1	1	2	3	1
Corporate directors / managers permitted	Yes	Yes	Yes	Yes	Yes	No	Yes	No	Yes	Yes
Local directors / managers required	No	No	No	No	No	No	No	No	No	No
Registered Office / Agent	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Company secretary required	No	No	No	No	No	No	No	Yes	No	No
Company seal required	Yes	Yes	Yes	Yes	No	Yes	Yes	Yes	Yes	Yes
Public record of directors / managers	No	No	No	No	No	Yes	No	Yes	Yes	No
Public record of members	Optional	No	No	No	No	Yes	No	No	No	No
Location of directors / managers meetings	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere
Location of members meetings	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere
Telephone board / managers meetings permitted	Yes	No	Yes	Yes	No	Yes
Requirement to file annual return	No	No	Yes	No	Yes	Yes	No	Yes	No	No
Audit Required	No	No	No	No	No	No	No	No	No	No
Prices (US$) (including first year government fees & registered office.)
Simple Incorporation	1035	980	640	990	2520	640	980	980	1105	1400
Incorporation with Latvia Bank Account**	1935	2080	1135	1440	3300	1135			1455
Incorporation with Latvia Bank Account and Debit Card***	1965	2130	1165	1490	3330	1165			1485
Incorporation with Isle of Man Bank Account.	1860	1805	1245	1815	3345	1245	1805	1805	1680	2225
Incorporation with Jersey Bank Account.	1860	1805	1245	1815	3345	1245	1805	1805	1680	2225
Incorporation with Swiss Bank Account	1760	1705	1145	1715	3245	1145	1705	1705	1580	2125
Incorporation with Bermuda Account	1960	1905	1345	1915	3445	1345	1905	1905	1780	2325
Incorporation with U.S. Bank Account^§§	1960	1905	1345	1915	3445	1345	1905	1905	1780	2325

Annual Fees starting second year (US$)
Annual Tax / License Fees	350	300	175 list filing fee	100/ 350/1000*	580	Delaware Franchise Tax^§	200	350	250	150
Normal Local Annual Fees****	350	300	250	300	800	250	350	400	300	400
Normal Total Annual Cost from Second Year	700	600	425	400/ 650/1300*	1380	410	550	750	550	550

* First amount is for IBC's with Authorized Capital of US$50,000 or less, second is IBC's issuing shares with no par value (NPV), third amount is for Authorized Capital over US$50,000.
** Includes apostille required by the bank for opening your account.
*** You may select either an anonymous Cirrus card for $50 per year (useable only on ATM's) or a Maestro card for $20 per year per card (useable at most places that take MasterCard) You will pay the fee directly to the bank, we'll prepare the paperwork for you.
**** Normal annual ffees include government fees and registered office. Does not include nominee directors and shareholders or other optional items. You will be invoiced well in advance for the charges so that you will not need to worry about being delinquent.
^§ Minimum of $35 for up to 3,000 shares up to a maximum of $165,000 for an unlimited number of shares.
^§§Does not include the charge for assisting to obtain an EIN or TIN/SSN. These are necessary to open a U.S. account. An EIN cannot be obtained without a TIN/SSN. Our charge to assist in obtaining an EIN will vary based on your particular situation.

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