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 |