Tax Information on Offshore Formations
| Any taxes apply? | Liable for local tax? | Tax exemption includes | Corporation tax rate | Incorporation price | Renewal Fee | Timescale | Standard share capital | Minimum requirements | Accounts Required |
|---|
| Belize LLC | No | No | N/A | 0.00% | £599 | £499.00 | 5 working days | N/A | 1 Director, 1 Shareholder – can be corporate and can be same person | Yes |
|---|---|---|---|---|---|---|---|---|---|---|
| British Virgin Islands | No – taxes only apply if company is trading in the BVI | No – unless company is trading in the BVI | N/A | 0.00% | £1195 | £845.00 | 48 hours | 50,000 Shares of 1.00USD each | 1 Director, 1 Shareholder – can be corporate and can be same person | No |
| Cayman Islands | No – unless the entity is a financial institute | No | N/A | 0.00% | £2445 | £2,259.00 | 3-4 working days | 5,000,000 Shares of 0.01USD each | 1 Director, 1 Shareholder – can be corporate and can be same person | |
| Cyprus | Income tax | No | N/A | 12.50% | £1549 | £699.00 | 5 working days | 100 Shares of 1EUR each | 1 Director, 1 Shareholder – can be corporate and same person. Need to have 1 Secretary in Cyprus (included in our price) | Yes |
| Czech Republic | Just from profits, not all income. Investments and costs excluded | No | Investments and Costs | 19.00% | £1155 | £298.00 | 10 Days (Subject to compliance review) | 1 | 1 Manager & 1 Member (Can be same officer) | Yes |
| Delaware LLC | Personal income tax around 8%, Franchise Tax (State Fee) | Yes | N/A | 8.70% | £445 | £345.00 | 48 hours | No share capital | 1 Manager, 1 Member – can be corporate and can be the same person | No |
| Germany | Corporation Tax and Trade Tax | Yes | N/A | 15.00% | £3950 | £1,640.00 | 2 weeks | 25,000EUR – 12,500 EUR to be paid in at the time of formation | 1 Director (at least 1 individual) and 1 Shareholder | Yes |
| Gibraltar | Stamp Duty applies when company is trading in Gibraltar | No | Capital Gains Tax, Wealth Tax, Sales Tax and Value Added Tax (VAT) | 12.50% | £1105 | £780.00 | 5 working days | Minimum of 1 Share of 1.00GBP each | 1 Director, 1 Secretary and 1 Shareholder. Secretary has to be a different person to the Director. Corporate officers are permitted | Yes |
| Hong Kong | Profit Tax based on the profit derived from Hong Kong | No | Have to apply for Offshore Status with IRD to be exempt from paying tax | 8.25% | £1255 | £975.00 | 5 working days | 10,000 Shares of 1.00HKD each | 1 Director, 1 Shareholder – can be corporate and same person. Need to have 1 Secretary in Hong Kong (included in our price) | Yes |
| Isle of Man | Depends on where the company is and business activities | No | Companies that are not trading in Isle of Man are exempt or if they are resident for tax purposes in another country which has a double taxation | 20.00% | £3620 | £1,550.00 | 5 working days | 1 share of 1GBP | 1 Director, 1 Shareholder – can be corporate and can be same person | Yes |
| Luxembourg | Income exceeds 15,000EUR – 21%. Income is less than 15,000EUR – 20% | Yes | N/A | 27.08% | £9495 | £2,950.00 | 5 working days | 12,500 Shares of 25EUR each | 1 Director (recommend to be resident in Luxembourg or EU) and 1 shareholder | Yes |
| Marshall Islands | No | No | N/A | 2.00% | £699 | £699.00 | 1 working day | 1 Share of 1.00USD | 1 Director and 1 Shareholder. Can be the same person | No |
| Nevada LLC | Raises to 8.265% | Yes | State corporate income tax, franchise tax, personal income tax, or taxes on corporate shares. | 0.00% | £999 | £469.00 | 3 working days | No Share Capital | 1 Director and 1 Member | No |
| Panama | No – taxes only apply if company is trading in Panama | No – as long as company not trading in Panama | Corporate taxes, withholding taxes, income tax, capital gains tax, local taxes, and estate or inheritance taxes, including gift taxes | 25.00% | £995 | £695.00 | 3-5 working days | 10,000 Shares of 1.00USD each | 3 Directors and 1 Shareholder | Yes |
| RAK | No | No | N/A | 55.00% | £2374 | £2,240.00 | 25 working days | 1,000 Shares of 1AED – UAE Dirhams | 1 Director and 1 Shareholder | Yes |
| Republic of Ireland | 25% applies to non-trading (passive) income | Yes | Inheritance tax, general capital gains tax, local or state taxes, payroll tax and social security tax | 12.50% | £695 | £499.00 | 5 working days | 1 Share of 1.00EUR | 1 Director, and 1 Sharehoder (these can be the same person) and 1 Secretary. | Yes |
| Seychelles | No | No | N/A | 30.00% | £499 | £485.00 | 2-3 working days | 100,000 Shares of 1.00USD each | 1 Director and 1 Shareholder. Can be Corporate and can be the same person | Yes |
| St Kitts and Nevis | The company is not liable for taxes if it is not conducting business in St Kitts and Nevis. If the company is conducting business there the corporate tax payable is usually 25% of its profits. | No | 0.00% | £1495 | £1,495.00 | 2 -3 working days (once compliance has approved) | 1 | 1 Director & 1 Shareholder (Can be same officer) | No | |
| St Vincent LLC | No | No | N/A | 0.00% | £699 | £649.00 | 24-48 hours | No Standard Share Capital | 1 Director, 1 Shareholder – can be corporate and can be same person | No |
| Sweden | Corporation tax | Yes | N/A | 22.00% | £2519 | £699.00 | 2-3 weeks | Minimum is 50,000SEK – needs to be paid into company bank account | 1 Director (at least 1 director must be resident in Sweden) and 1 Shareholder | Yes |