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ENGAGEMENT COSTS Year 1 incorporation US$7,900* Year 2 incorporation US$3,500* Nominee director Company de-registration * Depending on corporate structure and professional services required. **Excludes US$1,100 refundable deposit.
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A Guernsey 'tax exempt' company is a popular corporate structure for international businesspeople seeking a tax-efficient, stable and reliable jurisdiction. The following information will help you determine whether Guernsey company formation is the optimum corporate structure to fulfill your international business objectives: |
| Advantages of Guernsey Company Formation | |
| 1. | Guernsey company formation is an ideal way to book international profits without paying corporation tax, if properly structured. |
| 2. | To qualify as a 'tax exempt' company, a Guernsey company is required to pay an annual fee of 600 pounds sterling (US$1,200) to the Guernsey government. Upon payment of this fee, the company's international income (i e outside Guernsey) is legally tax-exempt.
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| 3. | Since Guernsey is not a member of the European Union (EU), traders do not register for value added tax (VAT). |
| 4. | Guernsey company formation requires only one director who need not be resident in Guernsey. Corporate directors are permitted however a director cannot also be company secretary. |
| 5. | No minimum capital requirements needed with Guernsey company formation. |
| 6. | The UK is positively ranked as the 12th least corrupt country in the 2007 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. |
| 7. | It is easy to open global corporate bank accounts to support Guernsey company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
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Disadvantages of Guernsey Company Formation |
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| 1. | A minimum of two shareholders are required for Guernsey company formation. Guernsey residents cannot hold shares in an exempt company. |
| 2. | An annual return must be filed at the public registry, following Guernseys company formation. |
| 3. | Following Guernsey company formation, a register of shareholders, directors, company's share capital and the registered office address is available for public viewing. |
| Other Information | |
| Refer to the following links to read more information on Guernsey company formation: | |
| Contact Us | |
For more information on Guernsey company formation, e-mail email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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ENGAGEMENT COSTS Year 1 incorporation US$7,900* Year 2 incorporation US$3,500* Nominee director Company de-registration * Depending on corporate structure and professional services required. **Excludes US$1,100 refundable deposit.
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