Low Cost Offshore Companies in 2024

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$13,520 US$10,160 US$19,300 £7,750
Total annual fees from year 2? (US$) US$3,400 US$5,795 US$13,970 £4,600
Total engagement period? 9 weeks 10 weeks 11 weeks 9 weeks
Location of corporate bank account? OCBC Singapore Barclays Seychelles OCBC Singapore CIMB Switzerland
Does our Client need to travel? No No No No
Minimum bank deposit? (US$) 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 neutral
image
Tax neutral
image
Tax neutral image Tax neutral image
Professional Fees (US$)
Company formation fees US$1,550 US$2,260 US$4,800 £3,650
Government registration fees US$530 US$150 US$650 £50
Company secretary/registered office US$1,200 US$1,250 US$1,600 £1,100
International corporate bank account US$5,950 US$5,950 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$900 US$1,000 US$1,570 £1,200
Government fees - renewal US$600 US$495 US$650 0
Company secretary/registered office US$1,200 US$1,250 US$2,150 £1,100
Accounting & audit fees 0 US$2,500 US$5,950 £2,300
Total fees – year 1 View invoice PDF View invoice PDF View invoice PDF View 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