āINCORPORATION OF COMPANIES AND FOUNDATIONS IN OTHER JURISDICTIONS:
1.British Virgin Islands (BVI)
Outstanding Features:
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Freedom to carry out business activities abroad.
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Return on capital is tax-exempt.
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Shareholders’/Directors’ meetings may take place in any part of the world.
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Information on the Shareholders or Directors needs not to be registered.
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2.Belize
Outstanding Features:
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The incorporation process is fast and easy.
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Language Flexibility. Incorporation may take place in various languages along with their English translation.
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An IBC can migrate into or out of the jurisdiction of Belize.
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There are no account revision requirements.
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3.The Bahamas
Outstanding Features:
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The opening of bank accounts does not imply a complex process
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Tax information exchange agreements with few countries.
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Complete freedom for the movement of capital.
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No exchange controls.
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4. Cayman Islands
Outstanding Features
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Allows the changing of domicile.
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Total exemption from all local taxes.
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Presence at a majority of the world’s main banks.
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Offers a stable and secure environment for business.
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5.Nevis
Outstanding Features
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Any currency may be used for the issue of shares.
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The Shareholders, Directors, or Officers may be of any nationality.
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Allows a single Director.
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Shareholders' or Directors' reports need not be submitted to the public registries of Nevis.
6. Marshall Islands
Outstanding Characteristics:
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Free and immediate reservation of corporate name.
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Annual account reports are not required.
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No property tax
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Immediate registration of standard or special Articles of Incorporation
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7. United Arab Emirates
Outstanding Characteristics:
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Rapid incorporation.
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Address registered on RAK.
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Exemption from all local taxes.
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Flexible corporate structures.
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Minimum capital is not required.
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Easiness in acquiring real estate in the UAE
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Only one Director and Shareholder are required.
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Accounting/annual reports/audits are not required.
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Absolute privacy, confidentiality, and asset/information protection.
8. Hong Kong (Special Administrative Region of China)
Outstanding Characteristics:
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Exemption from all local taxes (providing that activities take place outside HK).
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Flexibility in the company’s structure.
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Minimum capital is not required.
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Only one Director and Shareholder are required.
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Audited accounts and annual reports are required.
10. Principality of Andorra
Outstanding Characteristics:
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Minimum paid-up capital: 100%.
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The minimum number of business partners: one.
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Shareholders’ meetings may take place at the corporation’s domicile or any other location within the territory of Andora.
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A minimum of one ordinary general assembly per annum is required.
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Identifiable corporate domicile.
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Requires a minimum of one facility at which activity takes place (for any activity)
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Andorran tax system: corporations, 10% tax/benefits (IS). General IVA (General VAT), Individuals: 4.5%. , worldwide income: 10% (exempt up to 24.000 euros/per year).
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Tax system (special taxes): Holding companies are exempt from the payment of corporate taxes on income related to their holding activity. Both the S.A. as well as the S.L. types can be used.
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Tax type: universal.
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Retentions for the payment of interests are not applicable.
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Retentions for the payment of dividends do not apply.
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Retentions for the payment of royalties: general type, 5%, partner residing in a country with DTA: whatever is stipulated by DTA.
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Information exchange treaties: 17.
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Agreements preventing double taxation (DTA): 7 agreements in force.
11. Wyoming, USA
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Outstanding Characteristics:
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Offshore e-commerce solution.
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0% income tax.
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Flexibility with regards to company structure.
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Minimum capital is not required.
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Only one Director and one Shareholder are required.
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Accounting/annual reports/audits are not required.
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Absolute privacy, confidentiality, and asset/information protection.
12. Delaware, USA
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Offshore e-commerce solution.
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0% income tax.
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Flexibility with regards to company structure.
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Minimum capital is not required.
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Only one Director and one Shareholder are required.
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Accounting/annual reports/audits are not required.
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Absolute privacy, confidentiality, and asset/information protection.
