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