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Tax Information on Offshore Formations

Any taxes
apply?		 Liable for
local tax?		 Tax exemption
includes		 Corporation
tax rate		 Incorporation
price		 Renewal
Fee		 Timescale Standard
share capital		 Minimum
requirements		 Accounts
Required
Barcelona No Yes N/A 25.00% £3019 £730.00 2 weeks 60,000 EUR - a minimum of 25% must be paid up 3 directors (at least 1 individual) and 1 Shareholder (can be corporate) Yes
Belize LLC No No N/A 0.00% £489 £399.00 48 hours 50,000 Shares of 1.00USD each 1 Director, 1 Shareholder - can be corporate and can be same person No
British Virgin Islands No - taxes only apply if company is trading in the BVI No - unless company is trading in the BVI N/A 0.00% £795 £645.00 48 hours 50,000 Shares of 1.00USD each 1 Director, 1 Shareholder - can be corporate and can be same person No
Cayman Islands No - unless the entity is a financial institute No N/A 0.00% £2015 £1,745.00 3-4 working days 5,000,000 Shares of 0.01USD each 1 Director, 1 Shareholder - can be corporate and can be same person
Cyprus Income tax No N/A 12.50% £1509 £699.00 5 working days 100 Shares of 1EUR each 1 Director, 1 Shareholder - can be corporate and same person. Need to have 1 Secretary in Cyprus (included in our price) Yes
Delaware Personal income tax around 8%, Franchise Tax (State Fee) Yes N/A 8.70% £340 £315.00 48 hours No share capital 1 Manager, 1 Member - can be corporate and can be the same person No
France Turnover of less than 50 million EUR - 28%. Turnover of less than 7.63 million - 15% for first 38000EUR profit and then 33.33% Yes N/A 33.33% £3419 £1,100.00 2 weeks 1 share of 1.00EUR 1 Director, 1 Shareholder - can be corporate and can be same person Yes
Germany Corporation Tax and Trade Tax Yes N/A 15.00% £3950 £820.00 2 weeks 25,000EUR - 12,500 EUR to be paid in at the time of formation 1 Director (at least 1 individual) and 1 Shareholder Yes
Gibraltar Stamp Duty applies when company is trading in Gibraltar No Capital Gains Tax, Wealth Tax, Sales Tax and Value Added Tax (VAT) 10.00% £988 £720.00 5 working days Minimum of 1 Share of 1.00GBP each 1 Director, 1 Secretary and 1 Shareholder. Secretary has to be a different person to the Director. Corporate officers are permitted Yes
Hong Kong Profit Tax based on the profit derived from Hong Kong No Have to apply for Offshore Status with IRD to be exempt from paying tax 8.25% £1155 £975.00 5 working days 10,000 Shares of 1.00HKD each 1 Director, 1 Shareholder - can be corporate and same person. Need to have 1 Secretary in Hong Kong (included in our price) Yes
Ireland 25% applies to non-trading (passive) income Yes Inheritance tax, general capital gains tax, local or state taxes, payroll tax and social security tax 12.50% £595 £499.00 5 working days 1 Share of 1.00EUR 2 Directors (1 must be resident in the EU) 1 secretary and 1 Shareholder. Corporate officers are permitted Yes
Isle of Man Depends on where the company is and business activities No Companies that are not trading in Isle of Man are exempt or if they are resident for tax purposes in another country which has a double taxation 0.00% £2770 £1,550.00 5 working days 1 share of 1GBP 1 Director, 1 Shareholder - can be corporate and can be same person Yes
Luxembourg Income exceeds 15,000EUR - 21%. Income is less than 15,000EUR - 20% Yes N/A 27.08% £6819 £1,250.00 5 working days 12,500 Shares of 25EUR each 1 Director (recommend to be resident in Luxembourg or EU) and 1 shareholder Yes
Malta Corporation tax There is no standard answer to this as it depends on the company in question Withholding tax and passive/capital income have some exemptions 35.00% £2378 £1,982.00 5 working days 1,200 Shares of 1.00EUR each 1 Director, 1 Secretary and 1 Shareholder, can be corporate. However, if Director is Corporate must have 2 shareholders with 1 being an individual Yes
Marshall Islands No No N/A 2.00% £670 £695.00 1 working day 1 Share of 1.00USD 1 Director and 1 Shareholder. Can be the same person No
Nevada LLC Raises to 8.265% Yes State corporate income tax, franchise tax, personal income tax, or taxes on corporate shares. 0.00% £695 £469.00 3 working days No Share Capital 1 Director and 1 Member No
New Zealand Income tax and goods and service tax Yes Inheritance tax, general capital gains tax, local or state taxes, payroll tax and social security tax 28.00% £819 £495.00 5-7 working days 10,000 Shares of 1NZD each 1 Individual Director and 1 Shareholder. Director must reside in New Zeland Yes
Panama No - taxes only apply if company is trading in Panama No - as long as company not trading in Panama Corporate taxes, withholding taxes, income tax, capital gains tax, local taxes, and estate or inheritance taxes, including gift taxes 25.00% £715 £525.00 3-5 working days 10,000 Shares of 1.00USD each 3 Directors and 1 Shareholder No
RAK No No N/A 55.00% £2319 £2,077.00 25 working days 1,000 Shares of 1AED - UAE Dirhams 1 Director and 1 Shareholder Yes
Romania Withholding tax, value added tax (VAT), micro-enterprise tax, property tax No Dividends derived from a country that has a double tax treaty with Romania are exept from tax 16.00% £2019 £1,990.00 1-2 weeks 200 Shares of 1.00RON each (Romanian Leu) 1 Director and 1 Shareholder. Can be the same person Yes
Seychelles No No N/A 30.00% £490 £425.00 24 hours 100,000 Shares of 1.00USD each 1 Director and 1 Shareholder. Can be Corporate and can be the same person Yes
Spain No Yes N/A 25.00% £3019 £730.00 2 weeks 3,000EURO. Must be fully paid into a bak account. Can then be withdrawn once fully setup and company incorporated 1 Individual Director and 1 Shareholder Yes
St Vincent No No N/A 0.33% £719 £549.00 24-48 hours No Standard Share Capital 1 Director, 1 Shareholder - can be corporate and can be same person No
Sweden Corporation tax Yes N/A 22.00% £2519 £699.00 2-3 weeks Minimum is 50,000SEK - needs to be paid into company bank account 1 Director (at least 1 director must be resident in Sweden) and 1 Shareholder Yes