JURISDICTIONS
- Mainland China
- Cayman Island
- Seychelles
- Bvi
- Isle Of Man
- Marshall Island
- Uk
- Belize
- Panama
- Cyprus
- Singapore
MAINLAND CHINA
- Allotment of multi-currency.
- Regulated financial services industry.
- Confidentiality of information of director and supplier.
- Incorporated in Chinese or/ English language.
CAYMAN ISLAND
- Tax neutrality (there are no direct tax of any kind in Cayman Island.)
- A well-established legal regime.
- Reasonable reporting requirements.
- Flexible corporate structure.
- An expedited registration process (under the express service, a new company can be registered within 24 hours, provided all the documents required are properly filled and presented.)
SEYCHELLES
- No taxation on foreign income.
- No stamp duty on transfer of international business company shares.
- Minimum annual Seychelles government license fee.
BRITISH VIRGIN ISLAND (BVI)
- Currency flexibility.
- Offshore tax havens.
- Audited accounts are not needed to be submitted.
- Bank account can be opened all over the world.
- No tax or capital gains.
ISLE OF MAN
The Isle of Man is a secure and stable offshore jurisdiction, with strong confidentiality laws and an attractive tax regime. It helps the international business people to legitimately minimize their international tax liabilities.
The Isle of Man has a statutory body called the financial supervision commission (FSC). The FSC is an independent body. The various advantages of incorporation of a company in Isle of Man are as follows: –
- The island is the highly regulated jurisdiction due to stringent compliance law.
- If properly structured, the Isle of Man company formation is an excellent way to book international profits without paying corporation tax.
- For companies without any shareholder’s resident in Isle of Man, there is no tax on retained profits.
- The Isle of Man is the part of EU’s customs union for industrial and agricultural goods, meaning that it is a good low tax export jurisdiction.
MARSHALL ISLAND
- There are no minimum capital requirement.
- There are only few simple procedures required to register a Marshall Islands company.
- Marshall Islands company incorporation takes only 17 days.
- Retail business licenses are the cheapest, costing as low as USD 100. (Depends on type and nature of business.)
UNITED KINGDOM (UK)
The essential feature of a private limited liability company are that the liability of members is limited to the amount of share capital subscribed, which is the most common form of business entity used in UK.
Key benefits of opening a company in UK are: –- Company is incorporated in 2 working days
- No minimum capital is required to set up a company.
BELIZE
Belize is the international business company, which is a tax exempted entity from any kind of tax to the Belizean government.
The government of Belize is fully committed to the ongoing development of Belize as a leading offshore jurisdiction. Through regular calculations with the private sector, the government ensures that its policies & legislation continue to meet the need and interests of the international financial community in an environment which engenders trust and confidence.
The Belize international Business Company (IBC) is formed under the international business company act 1990 and is the most popular form of offshore corporate structure i.e it must conduct its trading and business outside Belize. However, the legislation of Belize allows IBC to carry on a number of activities within Belize. The offshore company in Belize are generally used for a variety of tax planning & international investment.
The official language in Belize is English and the currency used there is Belize dollar (BZD).
Setting up your IBC in Belize has countless number of benefits,
- Exemption from taxes on all income of an IBC.
- Exemption from taxes on all dividends paid by an IBC.
- No currency restriction.
- No citizenship or residency requirements for directors, officers, or shareholders.
- There are no requirements for annual report setting and the number of shares issued on the name of shareholder or director.
PANAMA
Panama with a favorable geographical location becomes one of the most connected countries in the world. It has firmly established itself as one of the leading countries in the Americas for doing the business.
It has now evolved from a maritime trading hub into a top international banking and professional service center. It has been pegged to the us dollars since 1904, and so it boasts a strong economy.
Panama has a stable, democratically elected government pushing to attract business from foreign companies. Panama has a low cost of living and people there are skilled. With a low crime rate it leads to create a successful business.
The government in panama has been actively pursuing free trade agreements and a policy of economic liberalization in recent years. It has created a series of laws to establish special economic zone (SEZ) across the country. The SEZ are the segregated areas, located in different strategic locations, where companies that set up within them benefit from a series of tax, migratory and labor incentives. By doing business from panama your income isn’t taxable so long as the income is from foreign sources.CYPRUS
For the last few years, Cyprus has been one of the main drivers for receiving a considerable amount of business people and entrepreneurs ready to establish their own companies.
This phenomenon is because of the economic benefits and easiness to operate a business in Cyprus.
Cyprus stable economy makes business people trust & therefore they invest in the country. Laws and regulations are business friendly. This creates a perfect environment for business people and entrepreneurs who want to establish their companies. The most important benefits of setting up a business on this island are: –- Low operational costs.
- Strategic location.
- Tax benefit.
- Access to human resources.
SINGAPORE
Singapore is well known as thriving cosmopolitan city for opening a business and enjoy private limited company.
It is not a secret anymore that it is an Asian century. The emerging economies of many asian nations have ensured that an increasing number of companies are moving in this region to take advantage of large domestic markets and cheap labour availability.
Singapore consistently tops world’s banks ease of doing business report due to its hassle free business set up processes & was also rated as offering the best IP protection, infrastructure and incentives in Asia by world economic forum’s global competitiveness report 2015-16.
The various advantages of doing business in Singapore are as follows: –
- A robust economy.
- Attractive tax system.
- Avoidance of double taxation.
- 100% foreign ownership & no currency controls.
- Ease in incorporation and operation.
- Support for startups.
- Productive workforce.