UK 01302 729 041 Overseas +44 1302 729 041

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
Belize LLC No No N/A 0.00% £599 £499.00 5 working days N/A 1 Director, 1 Shareholder - can be corporate and can be same person Yes
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% £975 £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 £2,259.00 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% £1549 £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 £298.00 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% £399 £345.00 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% £1085 £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% £1255 £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% £9495 £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% £699 £699.00 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% £999 £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 Yes
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% £499 £485.00 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
St Kitts and Nevis The company is not liable for taxes if it is not conducting business in St Kitts and Nevis. If the company is conducting business there the corporate tax payable is usually 25% of its profits. No 0.00% £1395 £1,395.00 2 -3 working days (once compliance has approved) 1 1 Director & 1 Shareholder (Can be same officer) No
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