Bizserve Consultants offers company registration, trust formation, bank account opening, office provision and other professional services in Cyprus, the United Kingdom, BVI, UAE, Seychelles and other jurisdictions
JurisdictionTaxationLocal Directors
Required
Publicly Accessible
Record of Directors
Publicly Accessible
Record of Members
Audit RequirementsRequirement to
File Accounts
BVI350US$ *NoNoNoNoNo
MARSHALL ISLANDSNilNoNoNoNoNo
PANAMA LLC300US$NoYesOptionalNoNo
SEYCHELLESmin. 100US$NoNoNoNoNo
HONG KONG0% on foreign-sourced incomeNoYesYesYesYes
LUXEMBOURGNormal ratesAdvisableYesNoYesYes
DELAWARE LLC**No income taxNoNoNoNoNo
BELIZEUS$100NoNoNoNoNo
SINGAPOREUS$315YesNoYesNo***Yes
UK NON –RESIDENT****12.5%YesYesYesYesYes

 Notes

* US$350 (authorized shares < US$50,000) / US$1,100 (authorized shares > US$50,001)

** Delaware LLC structured for partnership tax treatment are not subject to US Federal Income Tax and not required to file a US Income Tax Return if they meet all below criteria's:

  1. Members of LLC's are non-resident of the US
  2. LLC's conduct no business in the US
  3. LLC's have no US-sourced income

 *** A Singapore company is required to have its accounts audited if the company falls under one of the following:

  • Entity is a Singapore company with corporate shareholding; or
  • Entity is a Singapore company with annual revenue exceeding S$5 million.

**** When the incorporated UK company is managed and controlled from Cyprus and has its place of effective management in Cyprus then such a UK company will:

  1. be treated as UK non-resident for all tax purposes
  2. be regarded as resident for tax purposes in Cyprus