Comsec Offshore

Offshore Territory Comparison

The British Virgin Islands has clear advantages over other low tax or tax exempt jurisdictions.

The BVI

  • no annual return is required
  • no disclosure of the beneficial owners is required
  • no Company Secretary is required
  • no local Director is required
  • Directors and Shareholders meetings may take place anywhere (even via telephone)

Bermuda

  • requires a Company Secretary
  • requires to file an annual return
  • requires local Directors
  • requires local meetings

The Caymans

  • requires to file an annual return
  • requires a government Register of Directors
  • requires local director and shareholder meetings

The Cook Islands

  • requires to file an annual return
  • requires a government Register of Directors
  • requires a Company Secretary
  • requires local Directors

The Isle of Man

  • requires to file an annual return
  • requires a government register of Directors
  • requires a Company Secretary
  • requires a local Director

Jersey

  • requires disclosure of the beneficial owners

Samoa

  • requires a Company Secretary
  • the usual authorised capital is US$ 1,000,000.00

The Turks & Caicos

  • require to file an annual return
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