TYPES OF COMPANY:
- Non-resident Corporations (LLCs)
- Registered Business Companies (RBC)
- Common Law Foundations
|Capital requirements:||No minimum; No maximum. Bearer shares allowed|
|Rate of Taxation:||IBCs exempted by statute but may elect to pay 1%.|
|How long to incorporate:||1 day. Copies of registered documents can be emailed within two hours|
|No. of Directors needed:|| Minimum of one. May be foreign or local. May be person or Corporation. |
Minimum of one shareholder or member. Corporations must have president,
secretary treasurer which may be the same person. LLC must have a manager. RBC must have a director and secretary.
They cannot be the same person. Their details must be filed.
|Disclosure permitted:|| Identity and background of beneficial owners and officers required. |
Information may be shared with other jurisdictions.
|Annual meetings:|| Yes. May be held anywhere in the world. No annual accounts required for companies of LLC, |
but for RBCs. Financial statements not required to be audited
BANK ACCOUNT OPENING