Select jurisdictions

General

Basis Of Legal System	Common Common Common Common Common Common Common	Common Common Common Common Common Common Common	Common Common Common Common Common Common Common
Type of company	BVIBC Exempted Limited Ltd IBC or LLC Pte Limited Limited	BVIBC Exempted Limited Ltd IBC or LLC Pte Limited Limited	BVIBC Exempted Limited Ltd IBC or LLC Pte Limited Limited
Tax on offshore profits	0% 0% 12.5% 0% 0% 17% Up to 25%	0% 0% 12.5% 0% 0% 17% Up to 25%	0% 0% 12.5% 0% 0% 17% Up to 25%
Exchange Controls	No No No No No No No	No No No No No No No	No No No No No No No
Redomiciliation Permitted ¹	Yes Yes Yes Yes No Yes Inward - yes \| Outward - no No	Yes Yes Yes Yes No Yes Inward - yes \| Outward - no No	Yes Yes Yes Yes No Yes Inward - yes \| Outward - no No
Time to form	1 day 1 day 5-7 days 4-5 days 3 - 7 business days from the date the process is initiated with the Registrar 1-2 days 1 day	1 day 1 day 5-7 days 4-5 days 3 - 7 business days from the date the process is initiated with the Registrar 1-2 days 1 day	1 day 1 day 5-7 days 4-5 days 3 - 7 business days from the date the process is initiated with the Registrar 1-2 days 1 day
Shelf Companies available through Harneys Fiduciary?	No No No No No No No	Yes No No No No No No	Yes No No No No No No

Corporate Requirements

Minimum Shareholders	1 1 1 1 1 1 1	1 1 1 1 1 1 1	1 1 1 1 1 1 1
Minimum Directors	1 1 1 1 1 1 1	1 1 1 1 1 1 1	1 1 1 1 1 1 1

Corporate Administration

Bearer Shares Permitted	No No No No No No No	No No No No No No No	No No No No No No No
Location of board meetings	Anywhere Anywhere Anywhere ² Anywhere Anywhere Anywhere Anywhere	Anywhere Anywhere Anywhere ² Anywhere Anywhere Anywhere Anywhere	Anywhere Anywhere Anywhere ² Anywhere Anywhere Anywhere Anywhere
Corporate Directors Permitted	Yes Yes Yes Yes Yes No Yes¹⁴	Yes Yes Yes Yes Yes No Yes¹⁴	Yes Yes Yes Yes Yes No Yes¹⁴
Administration	Anywhere Anywhere Anywhere Anywhere Anywhere Singapore Anywhere	Anywhere Anywhere Anywhere Anywhere Anywhere Singapore Anywhere	Anywhere Anywhere Anywhere Anywhere Anywhere Singapore Anywhere

Local Requirements

Registered Office/Agent	Yes Yes Yes Yes Yes Yes Yes	Yes Yes Yes Yes Yes Yes Yes	Yes Yes Yes Yes Yes Yes Yes
Company Secretary	No No Yes Yes ³ No Yes ⁹ No	No No Yes Yes ³ No Yes ⁹ No	No No Yes Yes ³ No Yes ⁹ No
Director	No No No ² No Yes ¹⁰ No	No No No ² No No Yes ¹⁰ No	No No No ² No No Yes ¹⁰ No
Meetings	No No No No Yes ¹¹ No	No No No No No Yes ¹¹ No	No No No No No Yes ¹¹ No

Required Filings

Directors	Yes Yes Yes Yes Yes - held by RA Yes Yes	Yes Yes Yes Yes Yes - held by RA Yes Yes	Yes Yes Yes Yes Yes - held by RA Yes Yes
Shareholders	Yes No Yes Yes Yes - held by RA Yes Yes ¹⁵	No No Yes Yes Yes - held by RA Yes Yes ¹⁵	No No Yes Yes Yes - held by RA Yes Yes ¹⁵
Beneficial Owners	Yes Yes Yes ⁴ No Yes - held by RA No Yes	Yes Yes Yes ⁴ No Yes - held by RA No Yes	Yes Yes Yes ⁴ No Yes - held by RA No Yes

Annual Filing Requirements

Annual Return	Yes Yes Yes Yes No Yes Yes	Yes Yes Yes Yes No Yes Yes	Yes Yes Yes Yes No Yes Yes
Audited Accounts	No No ⁷ Yes Yes ⁶ No Yes - unless exempted ¹² No	No No ⁷ Yes Yes ⁶ No Yes - unless exempted ¹² No	No No ⁷ Yes Yes ⁶ No Yes - unless exempted ¹² No
Economic Substance	Yes Yes No No Yes No No	Yes Yes No No Yes No No	Yes Yes No No Yes No No

Government Costs

Min. Annual Statutory fee