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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% | £549 | £499.00 | 5 working days | 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% | £955 | £845.00 | 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% | £2445 | £2,159.00 | 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% | £1495 | £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 |
| Czech Republic | Just from profits, not all income. Investments and costs excluded | No | Investments and Costs | 19.00% | £998 | £198.00 | 10 Days (Subject to compliance review) | 1 | 1 Manager & 1 Member (Can be same officer) | Yes |
| Delaware LLC | Personal income tax around 8%, Franchise Tax (State Fee) | Yes | N/A | 8.70% | £375 | £315.00 | 48 hours | No share capital | 1 Manager, 1 Member - can be corporate and can be the same person | No |
| Germany | Corporation Tax and Trade Tax | Yes | N/A | 15.00% | £3950 | £1,640.00 | 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) | 12.50% | £1045 | £750.00 | 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 |
| 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 | 20.00% | £3620 | £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% | £8420 | £2,950.00 | 5 working days | 12,500 Shares of 25EUR each | 1 Director (recommend to be resident in Luxembourg or EU) and 1 shareholder | 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% | £899 | £469.00 | 3 working days | No Share Capital | 1 Director and 1 Member | No |
| 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% | £995 | £695.00 | 3-5 working days | 10,000 Shares of 1.00USD each | 3 Directors and 1 Shareholder | No |
| RAK | No | No | N/A | 55.00% | £2374 | £2,077.00 | 25 working days | 1,000 Shares of 1AED - UAE Dirhams | 1 Director and 1 Shareholder | Yes |
| Republic of 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% | £695 | £499.00 | 5 working days | 1 Share of 1.00EUR | 1 Director, and 1 Sharehoder (these can be the same person) and 1 Secretary. | 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 | £460.00 | 2-3 working days | 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 LLC | No | No | N/A | 0.33% | £764 | £649.00 | 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 |
Testimonial
"I am very impressed with the service that CFS provided for the setup of my Seychelles Company. They made the process very easy and straight forward. I would recommend using CFS"
Individual, Norway
