UK 01302 729 041 Overseas +44 1302 729 041

Tax Information on Offshore Formations

Corporation tax rate Any taxes apply? Exempt from local tax? Taxes exemption includes Incorporation price Renewal Fee Timescale Standard share capital Minimum requirements
Barcelona 25.00% No No N/A £1999 £969 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)
Belize 0.00% No Yes N/A £469 £309 48 hours 50,000 Shares of 1.00USD each 1 Director, 1 Shareholder - can be corporate and can be same person
British Virgin Islands 0.00% No - taxes only apply if company is trading in the BVI Yes - unless company is trading in the BVI N/A £689 £380 48 hours 50,000 Shares of 1.00USD each 1 Director, 1 Shareholder - can be corporate and can be same person
Cyprus 12.50% Income tax Yes None £1489 £581 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)
Delaware 8.70% Personal income tax around 8%, Franchise Tax (State Fee) No N/A £289 £305 48 hours No share capital 1 Director, 1 Member - can be corporate and can be the same person
France 33.33% Turnover of less than 50 million EUR - 28%. Turnover of less than 7.63 million - 15% for first 38000EUR profit and then 33.33% No None £3999 £950 2 weeks 1 share of 1.00EUR 1 Director, 1 Shareholder - can be corporate and can be same person
Germany 15.00% Corporation Tax and Trade Tax No None £3930 £952 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
Gibraltar 10.00% Stamp Duty applies when company is trading in Gibraltar Yes Capital Gains Tax, Wealth Tax, Sales Tax and Value Added Tax (VAT) £948 £607 5 working days 2,000 Shares 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
Hong Kong 8.25% Profit Tax based on the profit derived from Hong Kong Yes Have to apply for Offshore Status with IRD to be exempt from paying tax £1135 £702 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)
Ireland 12.50% 25% applies to non-trading (passive) income No Inheritance tax, general capital gains tax, local or state taxes, payroll tax and social security tax £575 £956 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
Isle of Man 0.00% Depends on where the company is and business activities Yes 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 £2399 £957 5 working days 1 share of 1GBP 1 Director, 1 Shareholder - can be corporate and can be same person
Luxembourg 27.08% Income exceeds 15,000EUR - 21%. Income is less than 15,000EUR - 20% No N/A £6900 £958 5 working days 12,500 Shares of 25EUR each 1 Director (recommend to be resident in Luxembourg or EU) and 1 shareholder
Malta 35.00% 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 £1215 £623 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
Marshall Islands 2.00% No Yes N/A £650 £665 5 working days 1 Share of 1.00USD 1 Director and 1 Shareholder. Can be the same person
Mauritius GBC1 15.00% No - only liable to pay tax on income which comes from Mauritius Yes - as long as company is not trading in Mauritius N/A £4589 £959 6-7 working days No Standard Share Capital 1 Director and 1 Shareholder
Nevada LLC 0.00% Raises to 8.265% No State corporate income tax, franchise tax, personal income tax, or taxes on corporate shares. £675 £961 3 working days No Share Capital 1 Director and 1 Member
New Zealand 28.00% Income tax and goods and service tax No Inheritance tax, general capital gains tax, local or state taxes, payroll tax and social security tax £799 £962 5-7 working days 10,000 Shares of 1NZD each 1 Individual Director and 1 Shareholder. Director must reside in New Zeland
Panama 25.00% No - taxes only apply if company is trading in Panama Yes 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 £589 £287 3-5 working days 10,000 Shares of 1.00USD each 3 Directors and 1 Shareholder
RAK 55.00% No Yes N/A £2299 £967 25 working days 1,000 Shares of 1AED - UAE Dirhams 1 Director and 1 Shareholder
Romania 16.00% Withholding tax, value added tax (VAT), micro-enterprise tax, property tax Yes Dividends derived from a country that has a double tax treaty with Romania are exept from tax £1999 £963 1-2 weeks 200 Shares of 1.00RON each (Romanian Leu) 1 Director and 1 Shareholder. Can be the same person
Seychelles 33.00% No Yes N/A £345 £285 24 hours 100,000 Shares of 1.00USD each 1 Director and 1 Shareholder. Can be Corporate and can be the same person
Spain 25.00% No No None £1999 £951 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
St Vincent 0.33% No Yes N/A £699 £2058 24-48 hours No Standard Share Capital 1 Director, 1 Shareholder - can be corporate and can be same person
Sweden 22.00% Corporation tax No None £2499 £964 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