| General
Information |
| Company
Law |
IBC
Act 1994, (as amended 2000) |
| Type
of Company |
International
Business Company (IBC) |
| Language
of Legislation and Corporate Documents |
English |
| Taxation
of Foreign Profits |
Nil |
| Exchange
Controls |
None |
| Length
of Time to Incorporate |
2
to 3 working days |
| Shelf
Companies Available |
Yes |
| Corporate
Names |
| Name
Restrictions |
Names
identical or similar, offensive words |
| Endings
and Abbreviations Required |
Limited,
Corporation, Incorporated, Sociedad Anonima, or its abbreviations |
| Length
of Time to Verify Name Availability |
One
day |
| Reservation
of Names Permitted |
Yes |
| Language
of Name |
Any
language using the Latin alphabet |
| Name
of Banks, Insurance, Investment Fund, Trust Company or their equivalents
requiring consent or license |
Yes |
| Capital
and Shareholders |
| Minimum
Number of Shareholders |
One |
| Local
Shareholders Required |
No |
| Corporate
Shareholders Permitted |
Yes |
| Disclosure
of Shareholders |
No |
| Minimum
Authorised Capital Required |
No
minimum |
| Bearer
Shares Permitted |
Yes |
| Registered
Shares Permitted |
Yes |
| No
Par Value Shares Permitted |
Yes |
| Directors
and Officers |
| Minimum
Number of Directors |
One |
| Qualifications
of Directors |
Legal
age |
| Officers
Required |
No |
| Corporate
Directors/Officers Permitted |
Yes |
| Local
Directors/Officers Permitted |
No |
| Appointment
of Subsequent Directors/Officers |
Memorandum
and Articles of Incorporation |
| Meetings |
| Annual
General Meeting of Shareholders Required |
No |
| Annual
General Meeting of Directors Required |
No |
| Location
of Directors and Shareholders Meetings |
Anywhere |
| Adoption
by Consent Permitted |
Yes |
| Quorum
required for purposes of meetings |
Memorandum
and Articles of Incorporation |
| Local
Requirements |
| Qualified
Registered Office/Agent |
Yes/Yes |
| Government
Register of Shareholders |
Optional |
| Government
Register of Directors/Officers |
Optional |
| Government
Register of Charges |
Optional |
| Register
of Directors/Officers to be kept at Registered Office |
Yes |
| Company
Seal Required |
Yes |
| Copy
of Minutes to be kept at Registered Office |
Optional |
| Copy
of Share Register to be kept at Registered Office |
Yes |
| Annual
Requirements |
| Minimum
Annual License Fee or Franchise Tax |
US$100 |
| Annual
License Fee or Franchise Tax Due Date |
Company's
Anniversary |
| Applicable
Surcharges |
10%
and 50% |
| Requirement
to File Annual Returns |
No |
| Requirement
to Submit Annual Audited Accounts |
No |
| Other
Relevant Information |
| Member
of Apostille of the Hague Convention |
Yes |
| Increase
or Reduction of Capital |
Directors’
resolution |
| Redomiciliation
Prohibited |
No |
| Reinstatement
at Registry |
Yes |
| Removal
from Registry |
Compulsory
or voluntary winding up and dissolution; and striking-off for non-payment. |
