Portcullis TrustNet Comparative Table
|
Jurisdictions |
BVI | Cayman Islands | Cook Islands | Hong Kong | Labuan | Malaysia | Mauritius | Samoa | Seychelles | Singapore | ||
| GBL1 (Offshore) |
GBL2 (IBC) |
IBC | CSL | |||||||||
|
Features | ||||||||||||
|
Tax Payable |
No | No | No | At source only | 3% or USD6,050 | Yes | 15%+ | No | No | No | 1.5% | Yes |
|
Chinese Names Permitted |
Yes | Yes | Yes | Yes | No | No | No | Yes | Yes | Yes | Yes | No |
|
Name Check (No. of days) |
1 | 1-2 | 1 | 1 | 1 | 3-5 | 3-4 | 3-4 | 1 | 1 | 2 | 2 |
|
Incorporation (No. of days) |
1 | 5-7 | 1 | 5-7 | 1-3 | 8-10 | 14 | 3-5 | 1 | 2 | 28 | 2 |
|
Availability of Shelf Cos. |
Yes | No | No | Yes | No | Yes | No | No | Yes | Yes | No | No |
|
Shelf Co. Activation (No. of days) |
1 | - | 1 | 3-5 | - | 1 | - | - | 1 | 1 | - | - |
|
Double Tax Treaty Access |
No | No | No | Yes | Yes | Yes | Yes | No | No | No | Yes | Yes |
|
Capital & Shareholders | ||||||||||||
|
Std Authorised Capital |
- | USD50,000 | USD1,000 | HKD10,000 | - | MYR100,000 | USD1,000,000 | - | USD1,000,000 | USD1,000,000 | - | - |
|
Min. No. of Shareholder(s) |
1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 1 |
|
Govt Register of Shareholder(s) |
No | No | No | Yes | Yes | Yes | Yes | Yes | No | No | Yes | Yes |
|
Annual Meetings Required |
No | Yes | No | Yes | Yes | Yes | Yes | No | No | No | Yes | Yes |
|
Bearer Share(s) Permitted |
Yes | Yes | Yes | No | No | No | No | No | Yes | Yes | No | No |
|
Officers | ||||||||||||
|
Min. No. of Director(s) |
1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 |
|
Corp. Director(s) Permitted |
Yes | Yes | Yes | Yes | Yes | No | No | Yes | Yes | Yes | No | No |
|
Local Director Required |
No | No | No | No | No | Yes | Yes | No | No | No | No | Yes |
|
Local Meetings Required |
No | No | No | No | No (e) |
Yes | Yes | No | No | No | No | No |
|
Company Secretary Required |
No | No | Yes | Yes | Yes | Yes | Yes | No | Yes | No | Yes | Yes |
|
Other Requirements | ||||||||||||
|
Registered Agent/Registered Office |
Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
|
Annual Returns |
No | Yes | Yes | Yes | Yes | Yes | No | No | No | No | Yes | Yes |
|
Audited Accounts |
No | No | No | Yes | Optional | Yes | Yes | No | No | No | Yes | Yes (with exceptions |
PLEASE NOTE: The above does not purport to be comprehensive or provide legal advice. No person should act in reliance upon any information contained in this Comparative Table without first obtaining legal advice.