Tax exempt companies

Reputable zero tax companies

Global tax exempt companiesSingapore international companyHong Kong international companyJersey international companyDubai offshore companyDelaware
LLC
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Summary at a glance
Total year 1 engagement set up costsUS$7,940US$6,550£11,960US$15,700US$6,700
Total year 2 costs (incl. audit and tax)US$5,950US$7,750£4,750US$7,350US$3,700
How long to set the company up?1 week1 week3 weeks2 weeks1 week
How long to open bank account?4 weeks4 weeks3 weeks2 weeks4 weeks
The paid up share capital required?US$1US$1£1US$1US$1
Corporate bank account location?OCBC MalaysiaHSBC HKBarclays UKNoor bank UAEDBS Singapore
Legally a tax non-resident company?YesYesYesYesYes
Audit required for financial statements?NoYesNoNoNo
Do you need to travel?NoYesNoNoNo
Legal considerations
Resident director required?YesNoNoNoNo
Resident shareholder required?NoNoNoNoNo
Minimum number of directors11121
Minimum number of shareholders11111
Resident company secretary required?YesYesYesYesYes
Individual shareholders allowedYesYesYesYesYes
Corporate shareholders allowedYesYesYesYesYes
Corporate director(s) allowedNoYesNoNoYes
Public register of shareholders and directorsYesYesYesYesYes
Tax and accounting considerations
Corporate tax payable %0%0%0%0%0%
Annual financial statements required?YesYesYesYesYes
Statutory audit required?NoYesNoYesNo
Annual tax return to be submitted?YesYesYesNoYes
Access to double tax treaties?NoNoNoNoNo
Free zones available?400300
Resident company for local tax?NoNoNoNoNo
Can apply for work permit?NoNoNoNoNo
Can the entity hire expatriate staff?NoNoNoNoNo
Logistics considerations
Allowed to sign sales contracts with local clientsNoYesNoNoNo
Allowed to invoice local clientsNoYesNoNoNo
Average monthly salary of skilled labourUS$5,000US$4,000£6,500US$3,500US$6,000
Average monthly salary of unskilled labourUS$1,800US$1,000£1,850US$800US$1,500
English spoken by what % of the population80%46%98%78%98%
Literacy rate %93%93%99%90%99%
Computer literacy rate %98%80%86%71%99%
Monthly office rental per square meterUS$42US$38£70US$42US$25
Monthly warehouse rental per square meterUS$32US$25£55US$30US$20
Sovereign bonds rating (S&P)AAAAAAAA+-AAA
Internet connectivity ratingExcellentExcellentExcellentStrongExcellent
GDP per capita? (U$$, IMF 2015)53,20042,10044,10035,40055,900
Government liberal or controlling?LiberalLiberalLiberalControllingLiberal
Ease of doing business ranking? (WB)156317
World competitiveness ranking? (WEF)279123
Population? (in million)5.57.3321659.6
Unemployment rate? (%, IMF)2%3.2%6%-5.3%
Inflation rate in 2015? (IMF, annual average)0.12.90.13.60.9
GDP 2015? (US$ billion)2943082,86434017,968
GDP growth in 2015? (IMF WEO)2.2%2.5%2.5%3%2.6%
Estimate of engagement costsUS$7,940US$6,550£11,960US$15,700US$6,700
Company formation feesUS$1,940US$2,350£6,000US$6,750US$1,590
Company secretary and registered office feesUS$1,100US$1,100£2,100US$1,100US$1,100
Estimate of Government fees (0 if included)0US$500£910US$950US$310
Resident director fees (0 if not required)US$1,9500£0US$00
Project management fees (0 if not applicable)00£0US$3,9500
Corporate bank account opening feesUS$2,950US$2,550£2,950US$2,950US$2,950
Draft invoice?HK LLC setup costFrench LLC setup cost

Contact us

For additional information on our Tax exempt company setup services, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon