Free big offshore guide june 2013 version

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7
BELIZE
Belize (formerly British Honduras) is a scenically beautiful,
independent country located on the Caribbean seaboard of Central
America. Belize covers an area of approximately 23,000 sq km,
and is bounded by Mexico to the north and Guatemala to the west
and south. The administrative capital of Belize is Belmopan, but
the major commercial centre is Belize City, which is located on the
eastern coast close to the major international airport.
POPULATION
The population of Belize is about 320,000 of which some 70,000
live in Belize City. The population of Belize is ethnically diverse and
includes descendants of the original Mayan culture and people of
Chinese, Caribbean, Caucasian and East Indian descent.
POLITICAL STRUCTURE
Belize has a long history of peace, stability and democracy.
It became a British Crown Colony in 1862 and achieved complete
self-rule in 1981. Belize is a member of the British Commonwealth,
the United Nations and the Non-Aligned Movement. Belize is a
parliamentary democracy and constitutional monarchy which
recognises HM Queen Elizabeth II as head of state represented
by a Governor General who must be a Belizean national. The
National Assembly is composed of the Senate and the House of
Representatives. The Senate has 12 members and the House
of Representatives comprises of 29 members, directly elected at
intervals of no longer than five years. The prime minister and
cabinet have executive power. There are two main political parties;
both parties are committed to the economic development of the
country and the encouragement of overseas investment.
INFRASTRUCTURE AND ECONOMY
Belize´s unspoiled environment with cays and barrier reef
make it a popular destination for eco-tourists, whilst its clear
unpolluted waters are excellent for swimming, diving, fishing and
other aqua sports. The country also offers a unique mix of unspoiled
woodlands, caves, mountains, waterfalls and jungle, in addition
to a wealth of Mayan archaeological sites. There are also marine
resort areas, forest reserves, wildlife sanctuaries and the world´s
only jaguar reserve!
Major exports are citrus products, sugar, bananas, fishery prod-
ucts, garments and timber and food products. The offshore finance
industry is generating an increasing proportion of national income.
LANGUAGE
The official and spoken language is English but Spanish is widely
spoken.
CURRENCY
The Belize Dollar (BZ$).
EXCHANGE CONTROL
Offshore activities are exempted from exchange control.
TYPE OF LAW
Common Law. Based on English Common Law.
PRINCIPAL CORPORATE LEGISLATION
International Business Companies Act, 1990, amended
2000.
Location: Central America
Time: GMT - 5 Hours
Capital: Belmopen City
Official Language: English, Creole, Spanish
Currency: BZD
IDC: +501
Legal System: English Common Law
Political System: Democratic
Shelf Companies: Yes
Incorporation Time: 24 Hours
Directors: 1
Residency: Not required
Corporate Directors: Yes
Shareholder Disclosure: No
Nominee Directors: Yes
Bearer Shares: Yes but immobilised
Min. Shares: 1
Public Share Registry: No
Meetings: Subject to Memorandum & Articles
Registered Office: Yes
Annual Accounts Return: No
Audit Requirements: No
Bank Accounts: Anywhere in the world
Low start-up and annual maintenance•
costs
A minimum of one Director and one•
Shareholder. Any nationality and need
not be resident in Belize
Directors can be individual or corporate•
bodies and need not be local residents
No public disclosure of Shareholders or•
Directors
Total exemption from all forms of local•
tax including stamp duty
No requirement to audit or file accounts•
and annual returns
Incorporation procedures are simple and•
normally completed in one day
IMPORTANT - A Belize Company is due•
for renewal on January 1 each year
Restrictions on Trading
Cannot trade within Belize or own real estate there.
Cannot undertake the business of banking, insurance,
assurance or reinsurance, Company management or
registered office facilities for Belizean incorporated
Companies.
Powers of Company
A Company incorporated in Belize has the same powers
as a natural person.
Language of Legislation and Corporate
Documents
English.
Shelf Companies Available
Yes.
Time to Incorporate
One day.
Name Restrictions
Any name that has already been incorporated in
Belize, or is so similar as to cause confusion. Any name
which in the opinion of the Registrar is considered
undesirable,obsceneoroffensive.NamessuchasRoyalor
imperial and any name that suggests the patronage of
Belize Government.
Language of Name
A Belize IBC can be incorporated using any language.
Chinese language incorporations with Chinese
documentation are popular.
Registered Office Required
Yes, must be maintained in Belize at the address of a
licensed management company.
Names Requiring Consent or License
Bank, building society, savings, loans, insurance,
ssurance, reinsurance, trust, trustees, Chamber of
Commerce, university, municipal or their foreign
language equivalents or any name in English or a
foreign language that may suggest association with
the banking or insurance industries.
Suffixes to Denote Limited Liability
Limited,Corporation,Incorporation,SociétéAnonyme,
Sociedad Anónima, Aktiengesellschaft or the relevant
abbreviations.
Disclosure of Beneficial Ownership to
Government Authorities
No.
Confidential Banking
eazyoffshore can incorporate your Belize company
and open a highly confidential bank account at the
same time. To make the most of your Belize IBC, a
confidential bank account is a must.
Belize Offshore Anonymity
Belize has traditionally offered excellent privacy.
Belize offshore companies are not required to
disclose the names of Beneficial Owners,
Shareholders and Directors to the authorities.
With eazyoffshore, there is a further level of
anonymity protection. The eazyoffshore foundation
in the West Indies acts as Nominee Director and
Shareholder ensuring the ownership of your Belize
company can never be discovered.
Authorised and Issued Share Capital
The usual authorised share capital is US$50,000 divided into
shares with or without par value. The share capital may be
expressed in any currency. The minimum issued capital may
be one share of no par value or one share of par value.
Classes of Shares Permitted
Registered shares, shares of no par value, preference shares,
redeemable shares and shares with or without voting rights.
Taxation
A Belize International Business Company does not pay any
tax on its worldwide profits to Belize authorities.
Double Taxation Agreements
Belize is not a party to any double tax agreements.
Financial Statements Required
Whilst there is no requirement to file audited accounts with the
authorities, a company is required to keep financial records that
reflect the financial position of a company.
Directors
The minimum number of Directors is one. Directors may be
natural persons or corporate entities, they may be of any
nationality and need not be Belize resident.
Company Secretary
A Company Secretary is not a requirement under the Act, but a
Secretary is normally appointed to facilitate signing obligations.
Shareholders
The minimum number of Shareholders is one.
BELIZE COMPLIANCE

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The British Virgin Islands is an archipelago of over 40 islands, 16 of which are
inhabited. Discovered by Columbus who is said to have been so impressed by
their large number that he named them “Las Virgenes” in honour of St. Ursula
and her 11,000 attendant virgins they lie to the north west of the United States
Virgin Islands. The neighbour with the largest land area is Puerto Rico, 96 km
to the west. Except for Anegada, which is a flat reef surrounded island of coral
limestone, the Islands are hilly and enjoy a subtropical climate. Their greatest
tourist attraction is their superb beaches.
POPULATION
The population is about 23,000. The largest and most heavily populated Island
is Tortola which has 18,000 inhabitants. 90% of the inhabitants are of African
descent, the balance being made up of Indian, European or mixed race. The
capital, Road Town, is on the southern shore near Sir Francis Drake Channel.
Tortola is connected by a road bridge to Beef Island, and the local airport.
POLITICAL STRUCTURE
In 1672, Britain claimed Tortola. Simultaneously, Denmark asserted her
sovereignty over St. Thomas and St. John; then in 1773 Denmark purchased
St. Croix from France. The Danish Islands were sold to the United States in
1917 for US$25 million. Relations between the United States and British Virgin
Islands are very good. The British Virgin Islands are a UK overseas territory
with self-government in most internal matters. Under the 1977 constitution,
HM Queen Elizabeth II is represented by a Governor responsible for public
services, external affairs, defence and internal security, with reserved legislative
powers as necessary for the exercise of special responsibilities. On all other
matters, the executive council has authority. The executive council consists of
the Governor, the Chief Minister, the Attorney-General and three other ministers
appointed by the governor from the legislative council on the advice of the Chief
Minister. The legislative council has a four year term and consists of a Speaker,
13 directly elected members and the Attorney-General.
There is an excellent daily air service between the Islands and the USA. Cruise
ships call in weekly to the Islands and there are freight carriers. The economy,
one of the most prosperous in the Caribbean area, is highly dependent on the
tourist industry, which generates about 21% of the national income. In 1984, the
Government offered offshore registration to companies wishing to incorporate in
the Islands. By 2006 the number incorporated had exceed 750,000.
Incorporation in the first three quarters of 2006 exceeded 51,000 making the
British Virgin Islands the world’s leading offshore jurisdiction. The BVI is the only
Caribbean jurisdiction to boast the presence of all five of the largest offshore law
firms in the region and the legal profession presence in the territory continues to
expand. The finance sector and ship registration now generate approximately
50% of government revenue.
LANGUAGE
The official and spoken language is English.
CURRENCY
US Dollar.
EXCHANGE CONTROL
None.
TYPE OF LAW
Common Law, based on English Common Law with local modifications
and local statutes.
The Companies Act (Cap. 285) and The BVI Business Companies Act,
2004. (“The BVI BC Act”). All Companies previously incorporated under the
International Business Companies Act, 1984, automatically.
A BVI Business Company requires no•
disclosure of Directors or
Shareholders to the government or on
any public record
The British Virgin Islands do not require•
a resident Secretary, local Directors or
local Shareholders
With over 500,000 companies•
registered, the British Virgin Islands is
the world´s leading offshore jurisdiction
BVI offshore companies are exempt•
from all taxes
A British Virgin Islands BC is allowed to•
have bank accounts in any region of the
world
A BVI Company takes up to two•
business days to incorporate (usually 24
hours)
There is no limit for the maximum capital•
of the Company
IMPORTANT - A BVI Company is due•
for renewal on its anniversary of
incorporation
Location: Eastern Caribbean
Time: GMT – 4 Hours
Capital: Road Town
Official Language: English
Currency: USD
IDC: +1 284
Legal System: Based on English Common
Law. UK Privy Council is final court of
appeal
Directors: 1
Bearer Shares: Yes
Min. Shares: 1
Meetings: As and when Directors/Share-
holders Determine
Cannot trade within the British Virgin Islands or own
real estate there. Cannot undertake the business of
banking, insurance, assurance, reinsurance, fund
management, collective investment schemes, trust
management, trusteeship, the rendering of investment
advice or any other activity that would suggest an
association with the banking or insurance industries.
Cannot offer its shares for sale to the public.
Powers of Company
A Company incorporated in the British Virgin Islands has
the same powers as a natural person.
Documents
English.
Yes.
Time to Incorporate
Normally 24 hours.
Language of Name
Latin Alphabet. Any name in a language other than
English must be accompanied by a translation to ensure
that the name is not restricted.
Yes, must be maintained in the British Virgin Islands,
and must be maintained at the office of a licensed
management company.
Bank, building society, savings, loans, insurance,
assurance, reinsurance, fund management,
investment fund, trust, trustees, Chamber of
Commerce, university, municipal or their foreign
language equivalents.
Limited, Corporation, Incorporated, Société
Anonyme, Sociedad Anónima or their relevant
abbreviations.
No.
eazyoffshore can incorporate your BVI company
and open a highly confidential bank account at
the same time. To make the most of your BVI BC,
a confidential bank account is a must.
British Virgin Islands Offshore Anonymity
BVI has traditionally offered excellent privacy.
BVI offshore companies are not required
to disclose the names of Beneficial Owners,
Shareholders and Directors to the authorities.
With eazyoffshore, there is a further level of
anonymity protection. The eazyoffshore founda-
tion in the West Indies acts as Nominee Director
and Shareholder ensuring the ownership of your
BVI company can never be discovered.
Share Capital
The normal share capital is US$50,000 with all of the shares having a
par value, this being the maximum share capital for the minimum duty
payable upon incorporation and annually thereafter. The share capital may
be expressed in any currency. The minimum issued capital is one share of
no par value or one share of par value.
Registered shares, shares of no par value, preference shares,
redeemable shares and shares with or without voting rights.
Taxation
A Business Company does not pay any tax on its worldwide profits to the
British Virgin Islands authorities.
The British Virgin Islands has treaties with Japan and Switzerland, though
they have limited benefit and are not applicable to offshore business.
Whilst there is no requirement to file audited accounts with the authorities,
a company is required to keep financial records,which reflect the financial
position of a company.
Directors
The minimum number of Directors is one. Directors may be natural
persons or corporate bodies. They can be of any nationality and need
not be resident. A copy of the Register of Directors must be held at the
Registered Office and any changes to the Register must be sent to the
Registered Office within 15 days of the change. Failure to do so may result
in a fine of US$10,000.
Company Secretary
A Company Secretary is not a requirement under the Act, but a Secretary
is normally appointed to facilitate signing obligations.
An imprint of the Company Seal must be held at the Registered Office.
Failure to do so may result in a fine of US$10,000. If the Minute Books
containing records of meetings of members and Directors are not held at
the Registered Office the address at which these books are held needs to
be provided.
Shareholders
The minimum number of Shareholders is one. A copy of the Register
of Members must be held at the Registered Office and any changes to
the Register must be sent to the Registered Office within 15 days of the
change. Failure to do so may result in a fine of US$10,000.
BVI COMPLIANCE

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The Cayman Islands consists of a group of three islands
in the Caribbean: Little Cayman, Cayman Brac and Grand
Cayman. The main Island, Grand Cayman, is situated
about 500 miles southeast of Miami.
POPULATION
The population is about 50,000.
POLITICAL STRUCTURE
The Cayman Islands are a British colony and
therefore the United Kingdom Parliament at Westminster
retains the right to legislate. A Governor who is appoint-
ed by the Queen Elizabeth II heads the Cayman Islands
Government. There is a Legislative Assembly consisting
of 18 seats: 3 appointed members from the Executive
Council (Financial Secretary, the Attorney-General and
Administrative Secretary) and 15 members elected by the
popular vote. An Executive Council, consisting of three
official members appointed by the Governor and four
members elected by the Legislative Assembly, formulates
policy and advises the Governor. Appointments are to a
four-year term.
The economy of the Islands is strong, enjoying full
employment with most of the revenue being derived from
the financial services sector and tourism. Miami is one
hour away by air and the Island has direct air links with
New York, Atlanta, Tampa, Houston and Jamaica.
The Islands are a popular cruise-ship stop.
LANGUAGE
English.
CURRENCY
Caymanian Dollar.
EXCHANGE CONTROL
None.
TYPE OF LAW
Common Law based on English Common Law.
The Company Law of the Cayman Islands is based on
the English Companies Act of 1948 and can be found in
the Cayman Islands: Companies Laws (2007 Revision)
Companies (Amendment) (No 2) Law 2009 Companies
(Amendment) Law 2010.
A minimum of one Shareholder and one•
Director is required
Shareholder and Director registers are•
not available for public inspection
taxation including stamp duty
Companies can be formed and registered•
within one or two working days
Foreign Companies from approved•
jurisdictions may apply to be registered
by way of continuation as a Cayman
Exempted Company
First class accounting, legal and banking•
services
Political stability•
IMPORTANT - A Cayman Islands•
Company is due for renewal on
December 31 each year
Location: Western Caribbean
Time: GMT - 5 Hours
Capital: George Town
Currency: KYD
IDC: +1 345
Legal System: Based on English
Common Law
Incorporation Time: 2 Days
Directors: 1
Bearer Shares: Yes
Min. Shares: 1
Meetings: Yes by Proxy
Annual Accounts Return: Yes
Cannot trade within the Cayman Islands, own real
estate in the Cayman Islands. Cannot undertake the
business of banking, insurance business or mutual fund
business unless licensed. Cannot solicit funds from the
public.
Powers of Company
A Cayman Islands Exempt company has all the powers
of a natural person.
Documents
English. An Arabic language facility was enabled in
2007.
Yes, must be maintained in the Cayman Islands.
Yes.
Time to Incorporate
Two days.
Name Restrictions
Bank, insurance, assurance, reinsurance, trust,
municipal, charter, co-operative, their foreign language
equivalents or any name that, in the opinion of the
Registrar, would suggest a connection with a Royal
family or Government authority.
Language of Name
Names can be expressed in any language using the
Latin alphabet, Chinese or Arabic, if the Registrar of
Companies receives a translation.
The corporate documents will be in English.Names
Requiring Consent or License Bank, building
society, savings, loans, insurance, assurance,
reinsurance, fund management, asset manage-
ment, trust, trustees or their foreign language
equivalent.
There is no requirement to utilise a suffix to
Denote limited liability, although normally
companies are incorporated to include the
suffixes Limited, Incorporated, Corporation or their
abbreviations.
No.
eazyoffshore can incorporate your Cayman
Islands company and open a highly confidential
bank account at the same time. To make the most
of your Cayman IBC, a confidential bank account
is a must.
Cayman Islands Offshore Anonymity
The Cayman Islands has traditionally offered
excellent privacy. Cayman offshore companies
are not required to disclose the names of
Beneficial Owners, Shareholders and Directors to
the authorities. With eazyoffshore, there is a further
level of anonymity protection. The eazyoffshore
foundation in the West Indies acts as Nominee
Director and Shareholder ensuring the ownership
of your Cayman company can never be discovered.
The minimum is US$1, but it is normal to incorporate with an
authorised share capital of US$50,000; divided into 50,000 common
voting shares of US$1, this being the maximum for the minimum
capital duty payable to the Registrar of Companies. The minimum
issued share capital is one share of no par value or one share of part
value.
Registered shares of par or no par value, preference shares,
redeemable shares and voting or non-voting shares.
Taxation
There is no form of taxation in the Cayman Islands relating to
individuals, Corporations or Trusts.
The Cayman Islands has no double tax agreements.
Companies (Amendment) Law 2010 states that “Every company
shall cause to be kept proper books of account including where ap-
plicable, material underlying documentation including contracts and
invoices. Such documentation must be retained for a minimum
period of five years from the date on which they are prepared”.
Failure to retain such records shall be subject to a penalty of $5,000.
Unregulated Exempt Companies do not need to file accounts.
Directors
The minimum number of Directors is one. The Directors may
benatural persons or corporate entities. The Directors may be of any
nationality, and need not be resident in the Cayman Islands.
Company Secretary
The Cayman Islands Companies Ordinance does not make any
specific reference to a requirement for a Company Secretary.
However, it is customary to appoint one. Can be either a natural
person or a corporate entity.
Shareholders
CAYMAN ISLANDS COMPLIANCE

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Gibraltar is famous for its dramatic rock. It is located in a strategic
position at the southern end of the Iberian Peninsula. It overlooks
the Straits of Gibraltar and is linked to Spain by a narrow roadway
which crosses its aircraft runway. Gibraltar is small but imposing and
measures approximately 6.5 sq km.
POPULATION
The population of Gibraltar is about 30,000 although a substantial
number of the working population commutes daily from homes nearby
in Spain. A number of Moroccan, British and Indian expatriates live
in Gibraltar.
POLITICAL STRUCTURE
Gibraltar is a British Dependent Territory and is a Crown Colony
with internal self-government based on a Constitution of 1969. It has
its own elected House of Assembly, which legislates on domestic
matters. The United Kingdom is responsible for defence, foreign
affairs, financial stability and internal security. Gibraltar became part of
the European Community in 1973 when it joined as a UK Dependent
Territory under Article 227 (4) of the Treaty of Rome.
Gibraltar enjoys special status within the Community and is exempted
from the Common Customs Tariff, the Common Agricultural Policy
and Value Added Taxation.
Since the opening of the border with Spain in 1985, the level of
tourism and investment has increased dramatically. Several
international banks and insurance companies have offices in
Gibraltar. Gibraltar has excellent modern postal and
telecommunications systems. Thanks to a joint venture between
the Gibraltar Government and the Nynex Corporation of the USA,
Gibraltar enjoys the latest in digital and fibre-optic telecommunications.
This has produced a growth in the technology sector with a number
of betting and gaming companies taking advantage of the low-tax re-
gime and good telecommunication facilities. The growth in the gaming
industry has not only produced in excess of 1,100 jobs but the
industry also pays in excess of £4M to the Government each year in
Gaming Tax. The Port of Gibraltar enjoys free port status and hosts
frequent calls from many of the world´s shipping lines, both passenger
and freight. Bunkering is a significant business in Gibraltar. Gibraltar’s
Stock Exchange, “GibEx” opened in May 2007 and has the technical
assistance of the Vienna Stock Exchange as well as Bank Medici. A
major partner of the Stock Exchange is Van der Moolen NV which is
known to be the fourth largest liquidity provider on the New York Stock
Exchange.
LANGUAGE
The official and spoken language is English. Gibraltarian is a mix of
English, Spanish, Arabic and Maltese.
CURRENCY
Gibraltar Pound which is on par with the British Sterling.
EXCHANGE CONTROL
None.
TYPE OF LAW
Common Law based on English Common Law.
Based on the United Kingdom 1929 Companies Act (as amended)
and the Companies Ordinance 1984 (as amended). The tax status
of Gibraltar Companies is established by the Gibraltar Companies
Ordinance of 1967.Recent amendments to the Act ensure that all
relevant EU Directives are implemented.
Location: Mediterranean
Time: GMT + 1 Hour
Capital: Gibraltar
Currency: GBP
IDC: +350
Legal System: English Law with local
statute variations
Incorporation Time: 3 – 5 Days
Directors: 1
Shareholder Disclosure: Yes
Bearer Shares: Yes
Min. Shares: 1
Public Share Registry: Yes
Meetings: Once a year at any location
Audit Requirements: Yes
Cannot trade within Gibraltar or remit income to Gibraltar
if the company is to retain its non resident status for tax
purposes. A Non Resident Company cannot undertake the
business of banking, deposit taking, insurance, assurance,
reinsurance, fund management, asset management or any
other activity associated with the finance industry.
Powers of Company
A company incorporated in Gibraltar has the same powers
Documents
English.
Yes, must be maintained in Gibraltar.
Yes.
Time to Incorporate
Subject to name approval, a company can be incorporated
within three to five working days.
Name Restrictions
Any name that is identical or similar to an existing
company. Any name which, in the opinion of the Registrar, is
undesirable or offensive. Any name that suggests Roy-
al or government patronage. Any English name, or their
foreignlanguageequivalent,whichmayimplyafieldofactivity
associated with the banking or finance industry.
Language of Name
The name can be in any language that uses the Latin
alphabet, but must be accompanied by a translation to
ensure that the name is not prohibited or licensable.
The following names or their derivatives require consent
or a licence: bank, building society, insurance, assurance,
reinsurance, fund management, asset management,
investment fund, trust, trustees, municipal, Chamber
of Commerce, cooperative or their foreign language
equivalents. “International” and “Gibraltar” cannot be used
without consent unless they are bracketed.
Limited or Ltd.
The names of the Shareholders are required to be listed
on the Annual Return and Incorporation documents. The
identity of the Beneficial Owners of the Gibraltar Non
Resident Company may remain confidential if Corporate
Shareholders are engaged to act as the Shareholder on
behalf of the Ultimate Beneficial Owners.
This confidentiality is maintained as long as the company
and its Ultimate Beneficial Owners are not involved in any
criminal activity.
eazyoffshore can incorporate your Gibraltar company and
open a highly confidential bank account at the same time.
To make the most of your Gibraltar IBC, a confidential bank
account is a must.
Gibraltar Offshore Anonymity
Gibraltar has traditionally offered excellent privacy.
Gibraltar offshore companies are not required to disclose
the names of Beneficial Owners to the authorities. With
eazyoffshore, there is a further level of anonymity
protection. The eazyoffshore foundation in the West Indies
acts as Nominee Director and Shareholder ensuring the
ownership of your Gibraltar company can never be
discovered.
Usually £2,000 divided into 2,000 shares of £1 each. This being the maximum
authorised share capital for the minimum capital duty payable upon incorporation.
The authorised share capital may be expressed in any currency. The minimum
issued capital is £100.
Registered shares, preference shares and redeemable shares or shares with or
without voting rights.
Taxation
A Gibraltar Non Resident Company does not fall under the Gibraltar tax system
and therefore is not required to register or file in Gibraltar for taxation purposes.
In addition there is no wealth tax, Capital Gains Tax, gift tax or Value Added Tax.
Gibraltar is not a party to any double tax treaties.
All Limited Companies are required to file accounts, however it the company quali-
fies as a “small Company” an abridged balance sheet is permissible and there is no
requirement for an audit or profit and loss accounts. To qualify as a small company
two of the following three requirements should be met:
• Net Annual Turnover below £4.8 million.
• Total Balance Sheet value below £2.4 million.
• The number of employees should not exceed 50.
A medium sized company is required to file a Profit and Loss, Balance Sheet and an
Auditors report, to qualify as “medium company” two of the following three require-
ments should be met:
• Net Annual Turnover must not exceed £19.2 million.
• Total Balance Sheet value below £9.6 million.
• The number of employees should not exceed 250.
A large company must file Profit and Loss Statements, Balance Sheet and an
Auditors Report. Accounts are not available to the public.
Directors
The minimum number of Directors is one, who may be natural persons or corporate
entity. They may be of any nationality, and need not be resident of Gibraltar.
Company Secretary
All Gibraltar companies must appoint a resident Company Secretary, who may be a
natural person or corporate entity.
Shareholders
The minimum number of Shareholders is one and should be a non resident of
Gibraltar.
• A minimum of one Shareholder and one Director is
required. They may be of any nationality and must
not be resident in Gibraltar
• All Gibraltar companies must appoint a resident
Company Secretary, who may be a natural person or
a corporate entity
• The names of Company officers appear on public
record. Anonymity can be preserved by the use of
eazyoffshore’s Nominee Directors and Shareholders
• Accounts and tax filing must be submitted every year
• The tax rate is 10% as from 1st of January 2011.
This rate of tax will be levied on company profits
which derive in or accrue in Gibraltar (otherwise
zero)
• Very stable jurisdiction with an excellent reputation
• Subject to name approval, a company can be
incorporated within 3-5 days (same day speedy
service available on request)
• eazyoffsore shelf companies are available for
immediate purchase
• IMPORTANT - A Gibraltar Company is due for
renewal on its anniversary of incorporation
GIBRALTAR COMPLIANCE

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A minimum of one Director and one Shareholder•
must be appointed
A Company Secretary must be appointed. An•
individual Secretary must be ordinarily resident in
Hong Kong
The names of company officers appear on public•
record. Anonymity can be preserved by
eazyoffshore’s Nominee Services
Preparation of accounts is required. Accounts are•
not publicly accessible
A Private Company is required to file an•
annual return each year within forty-two days of the
company´s anniversary date of incorporation
A Hong Kong company is only taxed on its profits•
arising in or derived from a trade or business carried
on in Hong Kong. Worldwide profits can be drawn
in with no tax payable. There is no tax on dividends
paid by a company otherwise chargeable to
profits tax
The actual incorporation takes about 6 working days•
Stable jurisdiction with very good reputation•
Included in your formation is the Tax Registration of•
your company
eazyoffshore provide local accounting and auditing•
services at very competitive rates
IMPORTANT - A Hong Kong Company is due for•
Location: Province of China
Time: GMT + 8 Hours
Capital: Victoria (or nowadays ‘Central’)
Official Language: Cantonese & English
Currency: HKD
IDC: +852
Political System: Special Administrative
Region
Incorporation Time: 6 Days
Directors: 1
Shareholder Disclosure: Listed Companies
Only
Bearer Shares: No
Min. Shares: 1
Meetings: Once a year at any location
Audit Requirements: Yes
Hong Kong is on the southeast coast of China and consists of a large
number of islands and a part of the mainland totaling just over 1,000
sq km. On 1 July 1997 all of Hong Kong reverted from British control
back to China and became a Special Administration Region “SAR”
within the People´s Republic of China (PRC).
POPULATION
7 million.
POLITICAL STRUCTURE
Hong Kong elects its own legislature and maintains its own court
structure.
THE FUTURE OF HONG KONG
Under the “one country - two systems” philosophy, the SAR has
executive, legislative and independent judicial power. The
capitalist system, legal structure and lifestyle remain unchanged.
Hong Kong remains a free port with a free flow of capital and a freely
convertible Hong Kong dollar. With China pushing forward with the
modernisationofitsowneconomy,thePRChasexpressedthewishthat
Hong Kong should assist in this endeavour. It has stated that its future
development will be based on market led reforms with socialist
characteristics and this has led to the opening up of its economy to
foreign investments. It is widely recognised that Hong Kong is and will
continue to be a significant gateway to China. Operating from 2004,
Hong Kong and Mainland China has been developing the Closer
Economic Partnership Arrangement (CEPA). The Arrangement
is to ensure Hong Kong is “economically interlocked” with the
Mainland and that CEPA has offered lower entry thresholds for smaller
players (capital/trading history requirements) in Hong Kong and 100%
ownership of many China ventures. It makes Hong Kong the
simplest, most profitable route into and out of Mainland China. CEPA
offers preferential access to China’s markets, commitments made by
China under WTO. It adds to the long list of reasons why international
businesses choose Hong Kong as a base for their China and Asia
operations today.
Hong Kong has excellent communication facilities. Since 2001 Hong
Kong has achieved a yearly accolade in the Skytrax annual passenger
survey and has been voted as the World´s Best Airport eight times.
Hong Kong has been ranked first in terms of economic freedom for
16 consecutive years (1995 – 2010) by the Heritage Foundation of its
Economic Freedom study. Up to end of May 2010, the external net
assets held by banks and deposit-taking institutions reached HK$1,656
billion, making Hong Kong one of the largest banking centres in the
world.
LANGUAGE
The official languages are English and Chinese, with English being
used in the commercial and political context and Cantonese Chinese
used widely in industry and domestic trade.
CURRENCY
The Hong Kong Dollar, which is officially pegged to the US Dollar.
EXCHANGE CONTROL
None.
TYPE OF LAW
Common Law. Based on English Common Law.
Companies Ordinance (Cap 32).
Cannot undertake banking or insurance activities or solicit funds from or
sell its shares to the public.
Powers of Company
A Hong Kong company has all the powers of a natural person.
Language of Legislation and Corporate Documents
Chinese and English.
Yes, must be maintained in Hong Kong.
Name Approval Required
It is not possible to reserve a name. It is essential to check that there
is no similar or identical name on the register, which would prevent the
company being incorporated.
Yes.
Time to Incorporate
About 6 working days from the submission of documentation.
Name Restrictions
A name that is similar to or identical to an existing company. A name
that constitutes a criminal offence or is otherwise contrary to the pub-
lic interest. A name that gives the impression of which it is connect-
ed with the Government of PRC, the Government of HKSAR or any
departments of either Governments. Names Requiring
Consent or License Building Society, Chamber of Commerce,
cooperative, Kaifong, mass transit, municipal, savings, tour-
ist association, trust, trustee, underground railway, bank,
insurance, assurance, reinsurance, etc.
Limited.
Disclosure of Beneficial Ownership to Government
Authorities
No.
eazyoffshore can incorporate your Hong Kong company and
open a highly confidential bank account at the same time. To
make the most of your Hong Kong IBC, a confidential bank
account is a must.
Hong Kong Offshore Anonymity
Hong Kong has traditionally offered excellent privacy. Hong
Kong offshore companies are not required to disclose
the names of Beneficial Owners to the authorities. With
protection. The eazyoffshore foundation in the West Indies
acts as Nominee Director and Shareholder ensuring the
ownership of your Hong Kong company can never be
discovered.
The usual authorised share capital is HK$1,000. The minimum issued
capital is one share of par value.
Ordinary shares, preference shares, redeemable shares and shares with or
without voting rights.
Taxation
Hong Kong is one of the few countries in the world that tax on a territorial
basis. Many countries levy tax on a different basis and they tax the
worldwide profits of a business, including profits derived from an offshore
source. Hong Kong profits tax is ONLY charged on profits derived from
a trade, profession or business carried on in Hong Kong. Consequently,
this means that a company which carries on a business in Hong Kong, but
derives profits from another place, is not required to pay tax in Hong Kong
on those profits. Hong Kong sourced income is currently subject to a rate of
taxation of 16.5%. There is no tax in Hong Kong on capital gains, dividends
and interest earned.
The principle of Hong Kong profits tax is that it is a tax on profits that has its
source in Hong Kong rather than a tax based on residence. Income sourced
elsewhere, even remitted to Hong Kong, is not subject to Hong Kong profits
tax at all. Consequently, if a Hong Kong Company´s trading or business
activities are based outside Hong Kong no taxation will be levied. A
factor that determines the locality of profits from trading in goods and
commodities is generally the place where the contracts for purchase and
sale are effected. “Effected” does not only mean that the contracts are legally
executed, it also covers the negotiation, conclusion and execution of the
terms of the contracts.
If a business earns commission by securing buyers for products or by
securing suppliers of products required by customers, the activity which
gives rise to the commission income is the arrangement of the business to
be transacted between the principals. The source of the income is the place
where the activities of the commission agent are performed. If such activities
are performed through an office in Hong Kong, the income has a source in
Hong Kong.
Certain sums, like royalties, paid or payable to non-resident
persons for use of or right to use certain intellectual property are subject to
withholding tax. The payerwho claims deduction for the use of the intellectual
property against its assessable income is required to withhold a prescribed
percentage from the payment while that recipient is not subject to Hong
Kong profits tax. The prescribed percentage is 4.95% on the gross payment
if the payer and the recipient are not related, but 16.5% if the payer and
recipient are related. The recipients of the royalties may enjoy different
treaty rates under double taxation agreements.
Hong Kong has arrangement with a number of jurisdictions for
double taxation relief of shipping or airline income. It has also
comprehensive double tax agreements with Belgium, Thailand, and
Luxembourg respectively to relieve taxation on income, for instance,
dividends, interest and royalties. The Hong Kong Inland Revenue
Department allows a deduction for foreign tax paid on a turnover
basis in respect of income which is also subject to tax in Hong Kong.
Therefore, businesses operating in Hong Kong do not generally have
problems with double taxation of income.
The respective comprehensive double tax agreements with
Austria, Czech Republic, France, Hungary, Indonesia, Ireland, Japan,
Kuwait, Liechtenstein, Netherlands, New Zealand, Portugal, Spain and
Switzerland will become effective from 1 April 2012 to relieve the
applicable double taxation on various incomes.
A Hong Kong company must keep accounting records, which may be
kept at the registered office address or elsewhere at the discretion of
the Directors. Every company must appoint an auditor who must be a
member of the Hong Kong Institute of Certified Public Accountants and
hold a practicing certificate. Although there is no requirement to file
accounts with the Registrar, there is a requirement to file accounts with
the Hong Kong Inland Revenue Department.
Directors
The minimum number of Directors is one, who may be natural persons
or corporate entities. They may be of any nationality, and need not be
resident in Hong Kong.
Company Secretary
A Hong Kong company must appoint a Company Secretary, who may
be a natural person or a corporate entity. The Company Secretary
must be resident in Hong Kong.
Shareholders
HONG KONG COMPLIANCE

SNAPSHOT
QUICK VIEW
37
Nevis is situated in the northern part of the Leeward Islands
and was once known as “The Queen of the Caribbean”
due to its breathtaking palm-fringed beaches and scenery
dominated by Nevis Peak in the centre of the island which
rises to a height of over 3,200 feet.
POPULATION
The population of Nevis is approximately 12,000.
POLITICAL STRUCTURE
Nevis was a British colony from 1628 until 1983 when it
became independent and joined the Federation of St. Kitts
and Nevis. The Federation is an active member of the
British Commonwealth. Nevis is a democracy based upon
the British Parliamentary system with an elected local
assembly. The Head of State is HM Queen Elizabeth II who is
represented on the island by a Governor General.
Nevis was virtually a sugar monocrop economy until the late
1970s, when the government backed a drive into small-scale
industrialisation. In July 2005, sugar production ceased.
Tourism has become the largest source of foreign exchange
although mass tourism has been rejected in favour of
quality development and five star resorts. The arrival of the
first direct flight from Atlanta Hartsfield Jackson International
to St Kitts in February 2008 marks a significant milestone in
the Federation’s (Federation of St Kitts & Nevis) efforts to
penetrate the US travel market.
In 1984 the Government of Nevis enacted a modern
corporate statute, the Nevis Business Corporation Ordinance
1984, which has resulted in rapid growth of the finance sector
with around 18,000 companies registered by 1999. The main
trading partners are the US, the UK and Canada (for exports)
and the US, Italy, and Trinidad and Tobago (for imports).
LANGUAGE
English is the official and commercial language of the Island.
Nevis enjoys a literacy rate of 98%, one of the highest in the
Western Hemisphere.
CURRENCY
Eastern Caribbean Dollar (EC$), which is fixed to the US
Dollar.
EXCHANGE CONTROL
None.
TYPE OF LAW
Common Law based on English Common Law and
American Corporate Law.
Nevis Limited Liability Company Ordinance 1995.
Nevis Limited Liability Company (amendment) Ordinance,
2009.
Location: Eastern Caribbean
Time: GMT -4/-5 Hours
Capital: Charlestown
Currency: ECD
IDC: +1 869
Shelf Companies: No
Directors: 1
Bearer Shares: Yes
Min. Shares: 1
Meetings: Yes, at a time and place as
indicated by the board
Sole member companies are permitted•
Members may be individuals or corporate•
entities of any nationality or domicile
Management of the company may be by the•
members or by managers appointed by the
members
Members are not liable for the obligations•
of the company
No taxes are levied on income of a company•
earned outside of Nevis
Whilst there is no requirement to submit or•
file audited financial statements, a Nevis
company is required to maintain financial
records to reflect the financial position of
the company
No annual or other reports by members are•
required to be filed in the public records of
Nevis
It takes only one working day to incorporate•
IMPORTANT - Nevis Companies are due for•
renewal on their anniversary of incorporation
Cannot trade within Nevis or own real estate
there. A company may not engage in the
business of banking, insurance, assurance, fund
and collective investment schemes or any other
activity that would suggest an association with the
banking or insurance industries.
Powers of Company
A company incorporated in Nevis has the same
powers as a natural person.
Documents
English.
Yes.
No.
Yes, must be maintained in Nevis.
Time to Incorporate
One day, but allow five days for delivery of
documentation.
Name Restrictions
Any name that is identical to or similar to an
translation if a foreign language name is to
be used. Names Requiring Consent or License
Bank, Building Society, savings, loans, insurance,
assurance, reinsurance, fund management,
investment fund, municipal, trust,trustee, Chamber
of Commerce, university or their foreign language
equivalent.
Limited Liability Company or LLC.
None.
eazyoffshore can incorporate your Nevis company
and open a highly confidential bank account at the
same time. To make the most of your Nevis IBC, a
confidential bank account is a must.
Nevis Offshore Anonymity
Nevis has traditionally offered excellent privacy.
Nevis offshore companies are not required to
disclose the names of Beneficial Owners,
Shareholders and Directors to the authorities. With
protection. The eazyoffshore foundation acts as
Nominee Director and Shareholder ensuring the
ownership of your Nevis company can never be
discovered.
Taxation
A Nevis Limited Liability Company pays no Tax on
income earned outside Nevis.
Although Nevis does have double tax agreements,
a company incorporated under the Nevis Limited
Liability Company Ordinance 1995 cannot obtain
any treaty relief through them.
Whilst there is no requirement to submit or file
audited financial statements, a Nevis company is
required to maintain financial records to reflect the
financial position of the company.
Managers
The minimum number of managers is one. The
managers may be natural persons or corporate
entities and may be of any nationality and need not be
residents of Nevis.
Members
The minimum number of members is one.
Membersmaybeindividualsorcorporateentitiesofany
nationality or domicile.
NEVIS COMPLIANCE

SNAPSHOT
QUICK VIEW
43
The Republic of Panama has a land mass of about 75,500 sq km, is
located between Costa Rica and Colombia, forms the narrowest and
lowest portion of the isthmus that links North and South America. It is best
known for the Panama Canal which joins the Caribbean Sea to the North
Pacific Ocean, and connects Central America to South America.
POPULATION
The population of Panama is approximately 3.4 million, about 52% of
which reside in Panama City, consisting of mainly the Mestizos (70%)
and a mix of West Indians, Caucasians and Indians. The dominant
religion is Roman Catholicism.
POLITICAL STRUCTURE
Panama was a Spanish colony until 1821. In 1903, Panama broke an
alliance with Colombia and became an independent republic.
There are three Branches of Government:
The Executive Branch of the Government is at present composed of a•
President and two vice-presidents, elected by majority vote, for a
five year term. The Ministers of State are appointed by the President
subject to approval by the Legislative Assembly
The Legislative Assembly is composed of legislators elected from the•
electoral districts for a five-year term
The Judicial Branch of Government consists of Supreme Court of•
Justice, five Superior Courts and three Courts of Appeal.
The Supreme Court of Justice is presided over by nine
judges appointed for a ten year term
An autonomous Electoral Tribunal supervises voter registration and all
citizens over the age of 18 are required to vote.
The Colon Free Zone is located on the Caribbean side of the Isthmus
of Panama near the Atlantic entrance to the Panama Canal. This Free
Trade Zone is the second largest in the world after Hong Kong.
Operations and transactions taking place in the Free Trade Zone are
subject to a special tax treatment whereby imports from other parts
of the world and reexports to other countries are exempted from
any import or export taxes imposed by Panama. Income earned from
re-exports is taxed at specially reduced rates. Panama has the world´s
largest shipping registry and a well established Banking centre.
Economic growth will be bolstered by the Panama Canal expansion
which began in 2007 and is expected to complete in 2014-15 at a cost
of US$5.3 billion. The project will more than double the Canal´s pres-
ent capacity enabling it to accommodate the modern super tankers that
are becoming too large to transverse the existing transoceanic crossway.
Without the expansion, it was anticipated that the Panama Canal would
be forced to turn away approximately 37 per cent of the world´s con-
tainer ships by 2011. Other areas of economic activity are in agriculture,
manufacturing, construction, transport, tourism and financial services.
LANGUAGE
Spanish is the official and spoken language. English is also spoken
widely in urban areas and is used daily in commerce and international
trade.
CURRENCY
United States Dollar.
EXCHANGE CONTROL
None.
TYPE OF LAW
Based on Spanish Civil Law with many Common Law influences,
particularly regarding Company Law.
Corporation Law No. 32 of the 1927 Commercial Code, Decree Law 5 of
1997 and Executive Decree 296 of 1997.
Location: Central America
Time: GMT - 5 Hours
Capital: Panama City
Official Language: Spanish
Currency: USD
IDC: +507
Legal System: Civil Law
Incorporation Time: 2 – 4 Days
Directors: 1
Bearer Shares: Yes
Min. Shares: 1
Meetings: Yes, any location in the world
A minimum of three Directors must be appointed.•
Directors may be individuals or corporate entities•
of any nationality or domicile
A President, a Secretary and Treasurer must be•
appointed. Directors of the company can also
serve as Officers. One person can occupy each of
the Officer positions
The name and address of each Director and•
Officer is filed with the Public Registry
The names of Shareholders are not filed with the•
Public Registry
Whilst there is no requirement to file audited•
accounts with the authorities, a company is re-
quired to keep financial records, which reflect the
financial position of a company
Panama operates a territorial tax system. Income•
earned from outside Panama is not taxable in
Panama
Interest earned on bank accounts maintained in•
Panama by a Panama company is exempt from
tax in Panama
Company takes two to four working days to•
incorporate
IMPORTANT - A Panama Company is due for•
Type of Company for international Trade and
Investment
Generally, Corporations are incorporated under the
Corporation Statute Law 32 of the 1927 Commercial Code.
Limited Liability Companies and Limited Partnerships are
used also.
Cannot undertake the business of banking, trusteeship and
trust administration, insurance, assurance, reinsurance,
fund management, investment funds, collective investment
schemes or any other activity that would suggest an
association with the banking, finance, fiduciary or insurance
businesses.
Documents
Spanish and certified English translations.
Yes, must be maintained in Panama at the address of the
Registered Agent.
Yes.
Yes.
Time to Incorporate
Two to four days, subject to name approval.
Name Restrictions
A name that is similar to or identical to an existing
company. Names of well known companies incorporated
elsewhere or a name that implies government patronage.
Language of Name
Names may be expressed in any language using the
Latin alphabet. The Registrar may request a Spanish or
English translation. Names Requiring Consent or License
Bank, building society, savings, insurance, assurance,
reinsurance, fund management, investment fund, trust or
their foreign language equivalents.
All Panamanian Corporations must end with the suffix
Corporation, Incorporated, Sociedad Anónima or the
abbreviations Corp, Inc or SA. They may not utilise the
suffix Limited or Ltd.
No.
eazyoffshore can incorporate your Panama company and
open a highly confidential bank account at the same time.
To make the most of your Panama IBC, a confidential
bank account is a must.
Panama Offshore Anonymity
Panama has traditionally offered excellent privacy.
Panama offshore companies are not required to
disclose the names of the Beneficial Owners to the
authorities. With eazyoffshore there is a further level of
anonymity protection. The easyoffshore foundation in
the West Indies acts as Nominee Director and
Shareholder ensuring the ownership of your Panama
The standard authorised share capital is US$10,000 divided into
100 common voting shares of US$100 each or 500 common
voting shares of no par value; the capital may be expressed in
any convertible currency. The minimum issued capital is either
one share of no par value or one share of par value.
Non-voting shares, preferred shares and registered shares.
Bearer shares can be issued but no-par-value and bearer shares
must be fully paid when issued. The registered agent must keep
the bearer shares certificate in safe custody and must notify the
Registrar that the shares have been issued.
Taxation
No corporation tax is levied on non-Panamanian sourced
income.
None.
Whilst there is no requirement to file audited accounts with the
authorities, a company is required to keep financial records, which
reflect the financial position of a company.
Directors
Both corporations and natural persons may act as Directors and
the minimum number of Directors is three. They may be of any
nationality and need not be residents of Panama.
Panamanian companies are also required to appoint a minimum of
three Officers (President, Secretary and Treasurer) who may also
be the Directors.
Company Secretary
A Company Secretary must be appointed, who may be a natural
person or corporate body. The Company Secretary may be of any
nationality and need not be a resident of Panama.
Shareholders
PANAMA COMPLIANCE

SNAPSHOT
QUICK VIEW
49
Low start-up cost and low annual•
maintenance
A minimum of one Director and one Share-•
holder is required. They may be natural
persons or corporate entities, be of any
nationality and need not be resident in the
Seychelles
No minimum paid-up capital is required to•
start up a Seychelles IBC
No public disclosure of Directors or•
Shareholders
taxation including stamp duty
No requirement for audit or to file accounts•
and annual returns
Incorporation procedures are straightforward•
and can normally be completed in one day
Shelf companies are available for immediate•
purchase
IMPORTANT - A Seychelles Company is due•
for renewal on its anniversary of
incorporation
The Seychelles group of islands in the Indian Ocean comprises
over one hundred named islands, most being situated between
four and five degrees South of the equator. The largest island
is Mahé.
POPULATION
The Seychelles has a population of around 80,000,
descended primarily from French settlers, Africans, British
sailors and traders from India, China and the Middle East.
POLITICAL STRUCTURE
Discovery of the Islands is credited to the Portuguese explorer
Vasco de Gama. The first French settlement was established
on St. Anne Island on the 27th August 1770. In 1814 the
Seychelles, along with Mauritius, were ceded to Great Britain
under the terms of the Treaty of Paris. It was only in 1960 that
the first gradual constitutional reforms were introduced. The
Head of State is the President and a National Assembly of
directly elected Members heads the legislative side of
Government. Seychelles is an independent republic within the
British Commonwealth.
The Seychelles economy is primarily tourism and fishing
based. Industrial scale fishing is on the increase. The rapidly
expanding financial sector, linked to the establishment of the
Seychelles International Business Authority and a suite of
progressive laws facilitating the establishment of offshore
structures and encouraging inward investment, is now a
significant element of the economy.
An ever-increasing number of international banks and
insurance companies have established either branches or
subsidiaries whom, together with local management,
accounting and legal firms provide clients with support.
The Port of Victoria is well equipped with modern cargo
handling equipment and has more than 6,000 square metres of
covered storage space.
The Seychelles International Airport is one of the finest in the
Indian Ocean region. In addition to the national flag carrier, Air
Seychelles, the airport is served by a number of other airlines.
LANGUAGE
The official languages are English, French and Creole. Creole
is spoken widely. English is the main language of business.
CURRENCY
Seychelles Rupee.
EXCHANGE CONTROL
Exchange controls do not apply to offshore business.
TYPE OF LAW
Based on English Common Law and French Civil Law.
The International Business Companies Act 1994.
Type of Company for international Trade and
Investment
The Seychelles International Business Company.
Cannot trade within the Seychelles or own real estate there.
Cannot undertake the business of banking, insurance,
assurance, reinsurance, fund management, asset
management (other than the company´s own assets) or any
other activity that would suggest an association with the
banking and insurance industries. A Seychelles IBC cannot
provide registered office facilities in the Seychelles, or sell
its shares to the public.
Powers of Company
A Seychelles incorporated company has the same powers
Yes, must be maintained in the Seychelles at the office of a
licensed Registered Agent.
Documents
English.
Yes.
Time to Incorporate
Two to three working days.
Name Restrictions
Anything identical or similar to a company already
incorporated. Anything that implies patronage of the
Seychelles, or any other government, insurance, Royal,
imperial or any other name that may imply that a company
intends to undertake a licensable or undesirable activity.
Language of Name
The name can be in any language, but must be
accompanied by a translation in English or French.
The documentation will either be in English, or it is possible
to have bilingual documentation in English and Chinese or
any other language accompanied by a translation in English
or French.
Bank, building society, savings, loans, insurance, assurance,
reinsurance, trust, trustees, Chamber of Commerce,
university, municipal or their foreign language equivalents or
any name in English or a foreign language that may suggest
association with the banking or insurance industries.
The name of an IBC must end in one of the following:
Limited, Corporation, Incorporated, Société Anonyme
or their abbreviations. A wide variety of other suffix-
es such as BV, GmbH, and SARL may also be used.
Disclosure of Beneficial Ownership to Government
Authorities
No.
eazyoffshore can incorporate your Seychelles company and
open a highly confidential bank account at the same time. To
make the most of your Seychelles IBC, a confidential bank
account is a must.
Seychelles Offshore Anonymity
The Seychelles has traditionally offered excellent
privacy. Seychelles offshore companies are not required to
disclose the names of Beneficial Owners, Shareholders and
Directors to the authorities. With eazyoffshore, there is a
further level of anonymity protection. The eazyoffshore
foundation in the West Indies acts as nominee Director
and Shareholder ensuring the ownership of your Seychelles
Seychelles IBC’s are normally incorporated with an
authorised share capital of US$100,000 with par value.
The authorised share capital may be expressed in any
currency. The minimum issued capital is either one share of
no par value or one share of par value.
Registered shares, shares of no par value, preference
shares, redeemable shares and shares with or without
voting rights.
Taxation
An International Company is exempted from local taxation.
There is no requirement to file financial statements, but a
company must keep records to reflect its financial position.
Directors
The minimum number of Directors is one, who may be a
natural person or a corporate entity. They may be of any
nationality and need not be resident in the Seychelles.
Company Secretary
A Seychelles IBC need not appoint a Company Secretary,
although it is customary to do so. The Secretary may be a
natural person or corporate entity, be of any nationality and
need not be resident in the Seychelles.
Shareholders
Location: Indian Ocean
Time: GMT + 4 Hours
Capital: Victoria
Official Language: English, French, Creole
Currency: SCR
IDC: +248
Legal System: Based on English Common
Law and French Civil Law
Incorporation Time: 2 - 3 Days
Directors: 1
Bearer Shares: Yes
Min. Shares: 1
Meetings: No
SEYCHELLES COMPLIANCE

Dalton House
60 Windsor Avenue
LONDON
SW19 2RR
United Kingdom
Telephone: 0203 086 8315
Calling from outside the UK: +44 203 086 8315
mail@eazyoffshore.com
eazyoffshore.com
eazyoffshore London is an authorised representative office of International Incorporators Inc of
Foundation House, Government Road, Nevis, West Indies. Company Incorporation Number C35917.
© COPYRIGHT 2013 INTERNATIONAL INCORPORATORS INC. ALL RIGHTS RESERVED. E&OE.
THIS DOCUMENT AND ITS CONTENTS DOES NOT CONSTITUTE ADVICE AND READERS ARE ADVISED
TO TAKE REGULAR INDEPENDENT FINANCIAL ADVICE

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