Low Cost Offshore Companies in 2023

Low Cost Tax Exempt CompaniesMarshall IslandsSeychellesLabuanGibraltar
Our recommendation in order of preference1234
Summary at a Glance
Total engagement costs? (US$)US$13,420US$10,160US$18,800£7,750
Total annual fees from year 2? (US$)US$3,300US$5,795US$9,770£4,600
Total engagement period?9 weeks10 weeks11 weeks9 weeks
Location of corporate bank account?OCBC SingaporeBarclays SeychellesOCBC SingaporeCIMB Switzerland
Does our Client need to travel?NoNoNoNo
Minimum bank deposit? (US$)5,0005,5005,0005,000
Dedicated bank officer?YesYesYesYes
Information available on public registrar?NoNoNoNo
Financial statements to be submitted?NoNoYesYes
Audit requirements?NoNoYesNo
Subject to economic substance requirements?YesYesYesNo
Corporate banking information
Quality of internet banking services?ExcellentExcellentExcellentExcellent
Corporate ATM card and cheque book?YesYesYesYes
Quality of bank customer service?ExcellentExcellentExcellentExcellent
Tax considerations
Tax exempt business entity?YesYes3% CITYes
Automatic exchanges of tax information?Yes, by 2018Yes, by 2017Yes, by 2018Yes, by 2017
FATF blacklisted country?NoNoNoNo
Reputable entity for banks and Clients?Tax neutral
Tax neutral
Tax neutral imageTax neutral image
Professional Fees (US$)
Company formation feesUS$1,550US$2,260US$4,800£3,650
Government registration feesUS$530US$150US$650£50
Company secretary/registered officeUS$1,100US$1,250US$1,600£1,100
International corporate bank accountUS$5,950US$5,950US$5,950£2,950
Total engagement feesView invoice PDFView invoice PDFView invoice PDFView invoice PDF
Ongoing annual fees at year 2 (US$)
Company maintenance feesUS$900US$1,000US$1,570£1,200
Government fees - renewalUS$530US$495US$6500
Company secretary/registered officeUS$1,100US$1,250US$1,600£1,100
Accounting & audit fees0US$2,500US$5,950£2,300
Total fees – year 1View invoice PDFView invoice PDFView invoice PDFView invoice PDF

Contact us

For additional information on our incorporation services, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi