Zero-tax offshore comparison

There are many offshore jurisdictions where International Business Company is zero taxed on worldwide income. It would be difficult to place them on one sheet, therefore we have prepared the comparison table that shows the main differences between Seychelles offshore IBC and only the most popular zero-tax offshore companies in terms of taxation, share capital, management, shareholder, annual accounts and redomiciliation.

Country Seychelles Anguilla British Virgin Islands Bahamas Belize Cayman Islands USA Hong Kong Panama
General information                  
Entity IBC IBC IBC IBC IBC Exempt LLC Limited Non Resident
Law Hybrid Common Common Common Common Common Common Common Civil
Average formation time 1 day 3 hours 2 days 1 week 2 hours 2 days 2 days 1 week 2 days
Change in Domicile permitted Yes Yes Yes Yes Yes Yes No No Yes
Taxation                  
Min. government fee USD100 USD 230 USD 350 USD 350 USD100 USD 575 Various USD 350 USD 250
Taxation  0  0  0  0  0  0 shareholders taxed 0 (if foreign profits)  0
Double tax treaty access No No No No No No No China & for shipping and aviation No
Share capital                  
Standard Currency USD USD USD USD USD USD - HKD USD
Permitted Currencies Any Any Any Any Any Any - Any Any
Minimum Paid Up Share Capital USD 1 USD 1 USD 1 USD 1 USD 1 USD 1 - HKD 1 USD 1
Maximum Effective Authorised Share Capital USD 100,000 USD 50,000 USD 50,000 USD 50,000 USD 50,000 USD 50,000 - HKD 1,000 USD 10,000
Directors                  
Min. Directors 1 1 1 1 1 1 1 1 3
Local Directors Required No No No No No No No No No
Directors on Public Record No No No Yes No No Initial Yes Yes
Directors Meetings Anywhere Anywhere Anywhere Anywhere Anywhere Anywhere Anywhere Anywhere Anywhere
Shareholders                  
Minimum Number of Shareholders 1 1 1 1 1 1 1 1 1
Shareholders on Public Record No No No No No No No Yes No
Shareholders Meetings Anywhere Anywhere Anywhere Anywhere Anywhere Anywhere Anywhere Anywhere Anywhere
Secretary                  
Company Secretary required No No No No No No No Yes Yes
Local or Qualified Company Secretary No No No No No No No Local No
Accounts, Returns & Audit                  
Audit requirement No No No No No No No Yes No
Accounts preparation requirement Yes Yes Yes Yes Yes Yes Yes Yes Yes
Accounts filing requirement No No No No No No No Yes No
Publicly accessible accounts No No No No No No No No No
Annual Return filing requirement No No No No No Yes Yes Yes No