Offshore Company Formation - Popular Jurisdictions Comparative Table
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Bahamas
IBC |
British
Virgin Islands
IBC |
Gibraltar
Non-Resident |
Delaware |
Jersey
Exempt |
| Availability of Ready Made Companies |
Yes |
Yes |
Yes |
No |
No |
| Approximate time to incorporate* |
1 Day |
1 Day |
6 Days |
1 Day |
7-10 Days |
| Disclosure of beneficial owners to Government |
No |
No |
No |
No |
Yes |
| Minimum No. of Officers |
1 director & local registered agent |
1 director & local registered agent |
1 director & local secretary |
1 director & secretary |
1 director & secretary |
| Corporate Directors permitted |
Yes |
Yes |
Yes |
Yes |
No |
| Corporate Secretary permitted |
Yes |
Yes |
Yes |
Yes |
Yes |
| Public disclosure of officers |
No |
No |
Yes |
Yes |
Yes |
| Minimum no. of Shareholders required |
1 |
1 |
1 |
1 |
2 |
| Bearer shares permitted |
No |
Yes, but not advised |
Yes, but not advised |
No |
No |
| Public disclosure of registered shareholders |
No |
No |
Yes |
Yes |
Yes |
| Requirement for Annual Accounts |
No |
No |
Yes |
No |
Yes, but not for public access |
| Requirement for
Audited Accounts |
No |
No |
No |
No |
No |
| Annual Return required |
No |
No |
Yes |
Yes |
Yes |
| Double Taxation Agreements |
None |
Yes, but not available to an IBC |
Yes |
Many |
Yes |
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*This time-scale takes effect after completion of all due diligence an KYC requirements.
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