Colaw (Offshore Services) Limited Colaw International Limited :: Telephone +44 (0)1624 690070 :: Fax +44 (0)1624 690099 :: Email info@colaw.co.im 
Colaw (Offshore Services) Limited

statutory requirements comparison chart

Jurisdiction Company type Shelf
companies
available 		Minimum time
to incorporate 		Min no of
directors 		Directors to
be resident 		Corporate
directors
permitted 		Secretary
required 		Min no of
shareholders 		Tax rates % Disclosure of
ownership 		AGM
required 		Filing of
annual
return 		Filing of
accounts 		Accounts
audited
Bahamas IBC Yes 3 days 1 No Yes Yes 1 0% No Yes No No No
Belize IBC Yes 3 days 1 No Yes No 1 0% No No No No No
British Virgin Islands IBC Yes 3 days 1 No Yes No 1 0% No No No No No
Cayman Islands Exempt No 2 weeks 1 Advisable Yes Yes 1 0% Yes Yes Yes No No
Cyprus IBC No 2 weeks 1 Advisable Yes Yes - resident 2 4% Yes Yes Yes Yes Yes
Delaware Corporation Yes 3 days 2 No No No 1 0% No Yes No No No
Hong Kong Limited Yes 2 weeks 2 No No Yes - resident 2 0% No Yes Yes Yes Yes
Gibraltar Exempt Yes 1 week 1 No Yes Yes 2 0% Yes Yes Yes No No
Guernsey Exempt No 4 weeks 1 No Yes Yes 2 0% Yes Yes Yes No No
Isle of Man Exempt Yes 3 days 2 Yes No Yes - resident 1 0% No Yes Yes No No
Isle of Man LLC No 3 days 2 Advisable No Yes - resident 2 0% No Yes Yes No No
Isle of Man International Yes 3 days 2 Yes No Yes - resident 1 1% to 35% No Yes Yes Yes No
Jersey Exempt No 4 weeks 1 No No Yes 2 0% Yes Yes Yes No No
Nevis IBC Yes 3 days 1 No Yes No 1 0% No No No No No
Mauritius Offshore No 2 weeks 2 Yes No Yes - resident 2 2% Yes Yes No Yes No
Panama IBC Yes 3 days 3 No Yes No 2 0% No No No No No
Turks and Caicos IBC No 3 days 1 No Yes No 1 0% No No No No No
United Kingdom Limited Yes 1 week 1 No Yes Yes - resident 1 10% to 32.5% No Yes Yes Yes Possible
United Kingdom PLC No 1 week 2 No No Yes 2 20% to 30% No Yes Yes Yes Yes
Utah/Wyoming LLC No 3 days 2 No Yes No 2 0% No Yes No No No



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Colaw International Limited
22 Finch Road, Douglas, Isle of Man IM1 2PT

Licensed by the Isle of Man Financial Supervision Commission as a Trust and Trust and Corporate Service Provider
copyright 2003 colaw International limited. all rights reserved.