| General Information | |
| Company Law | IBC Ordinance 1984, as amended |
| 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 |
| Incorporation Cost (inclusive) | US$1300 |
| Bank Account establishment | US$2475 |
| Total First Year Costs: | US$3775 |
| Second and subsequent years fee's | US$900 |
| Payment Terms for 1st Year: | Retainer via bank draft or Visa/Mastercard (Trust Account transaction). |
| Payment Terms for 2nd and subsequent years: | Payable upon receipt - billed. |
| 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 | Two hours |
| 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$300.00 |
| Annual License Fee or Franchise Tax Due Date | May 31st and November 30th |
| Applicable Surcharges | 10% and 50% |
| Requirement to File Annual Returns | No |
| Requirement to Submit Annual Audited Accounts | No |
| Other Relevant Information | |
| Member of Apostle 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. |
Established in 1986.
