BizServe

OFFSHORE JURISDICTIONS
COMPARISON TABLE

JURISDICTIONTAXATIONLOCAL
DIRECTORS
REQUIRED
PUBLICLY
ACCESSIBLE
RECORD OF DIRECTORS
PUBLICLY
ACCESSIBLE
RECORD OF MEMBERS
AUDIT
REQUIREMENTS
REQUIREMENT
OF FILE
ACCOUNTS
BVI320U$*NoNoNoNoNo
MARSHALL ISLANDSNilNoNoNoNoNo
PANAMA LLC300U$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