Low Cost Offshore Companies
Low Cost Tax Exempt Companies | Marshall Islands | Seychelles | Labuan | Gibraltar |
---|---|---|---|---|
Our recommendation in order of preference | 1 | 2 | 3 | 4 |
Summary at a Glance | ||||
Total engagement costs? (US$) | US$8,430 | US$7,850 | US$11,500 | £7,750 |
Total annual fees from year 2? (US$) | US$2,400 | US$4,100 | US$8,020 | £4,600 |
Total engagement period? | 9 weeks | 10 weeks | 11 weeks | 9 weeks |
Location of corporate bank account? | OCBC Singapore | Barclays Seychelles | OCBC Singapore | CIMB Switzerland |
Does our Client need to travel? | No | No | No | No |
Minimum bank deposit? (US$) | 5,000 | 5,500 | 5,000 | 5,000 |
Dedicated bank officer? | Yes | Yes | Yes | Yes |
Information available on public registrar? | No | No | No | No |
Financial statements to be submitted? | No | No | Yes | Yes |
Audit requirements? | No | No | Yes | No |
Subject to economic substance requirements? | Yes | Yes | Yes | No |
Corporate banking information | ||||
Quality of internet banking services? | Excellent | Excellent | Excellent | Excellent |
Corporate ATM card and cheque book? | Yes | Yes | Yes | Yes |
Quality of bank customer service? | Excellent | Excellent | Excellent | Excellent |
Tax considerations | ||||
Tax exempt business entity? | Yes | Yes | 3% CIT | Yes |
Automatic exchanges of tax information? | Yes, by 2018 | Yes, by 2017 | Yes, by 2018 | Yes, by 2017 |
FATF blacklisted country? | No | No | No | No |
Reputable entity for banks and Clients? | Tax haven image | Tax haven image | Tax haven image | Tax haven image |
Professional Fees (US$) | ||||
Company formation fees | US$1,850 | US$1,200 | US$4,800 | £3,650 |
Government registration fees | US$530 | US$150 | US$650 | £50 |
Company secretary/registered office | US$1,100 | US$1,100 | US$1,100 | £1,100 |
International corporate bank account | US$4,950 | US$4,950 | US$4,950 | £2,950 |
Total engagement fees | View invoice PDF | View invoice PDF | View invoice PDF | View invoice PDF |
Ongoing annual fees at year 2 (US$) | ||||
Company maintenance fees | US$1,050 | 0 | US$1,570 | £1,200 |
Government fees - renewal | US$250 | US$150 | US$400 | 0 |
Company secretary/registered office | US$1,100 | US$1,100 | US$1,100 | £1,100 |
Accounting & audit fees | 0 | US$2,400 | US$4,950 | £2,300 |
Total fees – year 1 | View invoice PDF | View invoice PDF | View invoice PDF | View invoice PDF |