Incorporation of a
Offshore Company
Why Incorporate?
Advantages of an offshore company
- No tax and filing requirements.
- Strategic holding for China & international investments.
- Is a corporate entity.
- May issue bearer shares, as well as shares wit.h variable voting rights
- May denominate shares in any currency or issue shares with no par value.
- May elect not to file any information with the Registrar of Companies relating to shareholders, mortgages and charges, deeds and other instruments of transfer.
- May elect not to disclose any particular information on the Company's letterhead.
- May elect not to prepare financial statements or appoint auditors.
- Totally exempt from BVI income tax and stamp duties. very flexible nature making it an ideal corporate vehicle for international trading, asset protection, investment management, trustee arrangement and e-commerce.
Restrictions
Offshore companies are prohibited from carrying on any business with persons residing in the offshore countries and from owning an interest in real property in the offshore countries(except for the State of Delaware).
Comparision Chart
Corporate
Requirements |
British Virgin
Islands |
State of
Delaware,
U.S.A. |
Samoa |
Mauritius |
Bahamas |
Panama |
| Min. no. of Shareholders |
1 |
1 |
1 |
1 |
2 |
1 |
| Min. no. of Directors |
1 |
1 |
1 |
1 |
2 |
3 |
| Standard Authorised Capital |
USD
50,000 |
USD
3,000 |
USD
1,000,000 |
USD
100,000 |
USD
50,000 |
USD
1,000 |
| Tax on Offshore Profits |
NIL |
NIL |
NIL |
NIL |
NIL |
NIL |
| Audited Accounts |
NO |
NO |
NO |
NO |
NO |
NO |
| Annual Return |
NO |
YES |
NO |
NO |
NO |
NO |
| 
