Jurisdictions

BAHAMAS

CORPORATE FEATURES

GENERAL Type of Company IBC Political Stability Good Common or Civil Law Common Disclosure of Beneficial Owner No Tax on Offshore Profits Nil Language of Name Latin Alphabet CORPORATE REQUIREMENTS Minimum Number of Shareholders One Minimum Number of Directors Two Bearer Shares Allowed No Corporate Directors Permitted Yes Company Secretary Required No Standard Authorised Share Capital US$ 50,000 LOCAL REQUIREMENTS Registered Office/Agent Yes Company Secretary No Local Directors No Local Meetings No Government Register of Directors No Government Register of Shareholders No ANNUAL REQUIREMENTS Annual Return No Submit Accounts No RECURRING GOVERNMENT COSTS Minimum Annual Tax/Licence Fee US$ 350 Annual Return Filing Fee N/A

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NAMES REQUIRING CONSENT OR A LICENCE

Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, 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, Incorporated, Societe Anonyme, Sociedad Anonima, Gesellschaft mit beshränkter Haftung or the relevant abbreviations.

DOUBLE TAXATION AGREEMENTS

The Bahamas is not a party to any double tax treaties.

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BRITISH VIRGIN ISLANDS

CORPORATE FEATURES

GENERAL Type of Company IBC Political Stability Good Common or Civil Law Common Disclosure of Beneficial Owner No Tax on Offshore Profits Nil Language of Name Latin Alphabet CORPORATE REQUIREMENTS Minimum Number of Shareholders One Minimum Number of Directors One Bearer Shares Allowed Yes Corporate Directors Permitted Yes Company Secretary Required Yes Standard Authorised Share Capital US$ 50,000 LOCAL REQUIREMENTS Registered Office/Agent Yes Company Secretary No Local Directors No Local Meetings No Government Register of Directors No Government Register of Shareholders No ANNUAL REQUIREMENTS Annual Return No Submit Accounts No RECURRING GOVERNMENT COSTS Minimum Annual Tax/Licence Fee US$ 300 Annual Return Filing Fee N/A

Compare Jurisdictions (Microsoft Excel, 29 KB)

NAMES REQUIRING CONSENT OR LICENCE

Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, Chamber of Commerce, university, municipal or their foreign language equivalents.

SUFFIXES TO DENOTE LIMITED LIABILITY

Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima or their relevant abbreviations.

DOUBLE TAXATION AGREEMENTS

The British Virgin Islands has treaties with Japan and Switzerland, although they have limited benefit and are not applicable to offshore business.

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