China Consulting Consortium International Business Advisers, International Accountants and Certified Auditors Online Company Incorporation
Fiduciary Services
Offshore Companies

JURISDICTION COMPARISON LIST

 

British Virgin 
Islands

Cyprus

Marshall Islands

Mauritius

Seychelles

Singapore

United Kingdom

TYPE OF COMPANY:-

Offshore

Offshore

Offshore

Local – GB1

Offshore

Local

Local

SHELF COMPANY AVAILABILITY:-

Yes

Yes

Yes

No

Yes

No

No

SHARE CAPITAL OR EQUIVALENT:-

Standard Currency

USD

EURO

USD

USD

USD

SGD

GBP

Minimum Paid Up

USD1

€1,000

USD1

USD1

USD1

SGD1

£1

Usual Authorized

USD50,000

€5,000

USD50,000

Not Required except for financial services activities

USD100,000

Not Required

Not Required

SHAREHOLDER:-

Minimum Number

One

One

One

One

One

One

One

Local Required

No

No

No

No

No

No

No

Publicly Accessible Records

No

Yes

No

No

No

Yes

Yes

DIRECTOR:-

Minimum Number

One

One

One

Two

One

One

One

Local Required

No

No

No

Yes

No

Yes

No

Corporate Directors Permitted

Yes

No

Yes

Yes

Yes

No

No

Publicly Accessible Records

No

Yes

No

No

No

Yes

Yes

COMPANY SECRETARY:-

Required

Optional

Yes

Yes

Yes

Optional

Yes 
(must an individual)

Optional

Local or Qualified

No

No

No

Yes, 
Local & Qualified

No

Yes

No

 

 


 

 

British Virgin 
Islands

Cyprus

Marshall Islands

Mauritius

Seychelles

Singapore

United Kingdom

OTHERS:-

 

 

 

 

 

 

 

Audit Requirements

No

Yes, Local Auditor

No

Yes, Local Auditor

No

Yes, Local Auditor

Yes, Local Auditor
(but small company exceptions)

Requirements to Prepare Accounts

Yes

Yes

No

Yes

Yes

Yes

Yes

Requirements to File Accounts

No

Yes

No

Yes

No

Yes

Yes

Double Taxation Treaty Access

No

Yes

No

Yes

No

Yes

Yes

Annual Tax Return

No

Yes

No

No

No

Yes

Yes

Requirement to File Annual Return

No

Yes

No

No

Yes

Yes

Yes

Location of Meetings

Anywhere

Anywhere

Anywhere

Mauritius, by proxy

Anywhere

Anywhere

Anywhere

TAX:-

 

 

 

 

 

 

 

Value Added Tax / Goods & Services Tax

No

Yes

No

Yes

No

Yes

Yes

Profits Tax

No

10% (not applied to offshore profits)

No

15%

No

17%

20% (in general) 
(effective from March 2015)