Jurisdictions

UNITED STATES OF AMERICA

CORPORATE FEATURES

GENERAL Type of Company LLC Political Stability Excellent Common or Civil Law Common Recommended States Delaware, Florida, Wyoming, New York, and Washington DC, Disclosure of Beneficial Owner No Tax on Offshore Profits Nil, but see section on tax Language of Name Latin Alphabet CORPORATE REQUIREMENTS Minimum Number of Shareholders/Members 2 Minimum Number of Directors/Managers 1 Bearer Shares Allowed N/A Corporate Directors/Managers Permitted Yes Company Secretary Required N/A Standard Authorised Share Capital N/A LOCAL REQUIREMENTS Registered Office/Agent Yes Company Secretary N/A Local Directors/Managers No Local Meetings No Government Register of Directors/Managers No Government Register of Shareholders/Members No ANNUAL REQUIREMENTS Annual Return Yes Submit Accounts No but see section on tax RECURRING GOVERNMENT COSTS Minimum Annual Tax/Licence Fee Varies Annual Return Filing Fee Varies

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SUFFIXES TO DENOTE CORPORATION

Limited Liability Company and Limited Company or their abbreviations LLC or LC.

COMPLIANCE:

US FEDERAL TAXATION

US limited liability companies structured for partnership tax treatment with non-resident members and which conduct no business in the US and which have no US-source income are not subject to US federal income tax and are not required to file a US income tax return.

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