Comparison Chart

Jurisdictions

British Virgin
Anguilla
Islands

OILs Rating

*****

*****

Basic Information
Political Stability
British Based Legal System
Type of Company
Migration of Domicile Permitted

Good
Yes
BC
Yes

Good
Yes
IBC
Yes

Tax by Jurisdiction on Offshore Profits

Cayman
Islands

Delaware

Hong Kong

Mauritius

Samoa

Seychelles

Belize

Singapore

Jersey

RAK (UAE)

United
Kingdom

Bahamas

Labuan

Panama

Nevis

*****

*****

*****

*****

*****

*****

*****

*****

****

****

****

***

***

***

***

Good
Yes
Ltd
No

Good
Yes
GBL1
Yes

GBL2
Yes

Good
Yes
IC A
Yes

Good
Yes
IBC
Yes

Good
Yes
IBC
Yes

Good
Yes
Pte Ltd C
No

Good
Yes
Ltd
Yes

Good
Yes
IBC
Yes

Good
Yes
Pte Ltd
Yes

Good
Yes
IBC
Yes

Nil L

Nil

15%

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

N/A
N/A
N/A
No
N/A
N/A

1
1
Yes N
Yes F
N/A
No

1
2
No
Yes
N/A
No

1
1
Yes
No F
N/A
No

1
1
Yes
Yes
US$1M
No

1
1
Yes
No
US$1M
No

1
1
Yes
No
US$50,000
Yes E

1
1
No
Yes
N/A
No

1
1
Yes G
Yes
1
No

1
1
Yes
Yes
N/A
Yes E

1
1
Yes N
No
N/A
No

1
1
Yes
No
US$50,000
No

1
1
Yes
Yes
N/A
No

Good
Good
Yes
No
Exempted Corporation
LLC
Yes
Yes
Yes

Nil

Nil

Corporate Requirements
Minimum Number of Shareholders
Minimum Number of Directors
Corporate Directors Permitted
Secretary Required
Standard Authorised Capital/Shares
Bearer Shares Permitted

1
1
Yes
No
50,000 shares
Yes E

1
1
Yes
No
US$1M
YesE

Local Requirements
Registered Office/ Registered Agent
Company Secretary
Local Directors
Local Meetings

Yes
No
No
No

Yes
No
No
No

Yes
No
No
No

Yes
No
No
No

Yes
No
N/A
No

Yes
Yes
No
No

Yes
Yes
Yes
Yes

Yes
No
No
No

Yes
No
No
No

Yes
No
No
No

Yes
No
No
No

Yes M
Yes F
Yes
No

Yes
No
No
No

Yes
No
No
No

Yes M
No
No
No

Yes
No
No
No

Yes
Yes
No
No

Yes
No
No
No

Yes
No
No
No

Yes
No BA
Optional
Optional

Yes
No BA
Optional
Optional

Yes
No BA
Yes
No

Yes
No BA
Yes
No

Yes
No BA
N/A
N/A

No
No
Yes
Yes

Yes
No BB
Yes
Yes

Yes
No BB
Yes
Yes

Yes
No BA
Optional
Optional

Yes
No BA
No
No

Yes
No BA
No
No

No
No
Yes
Yes

Yes
No BB
No
Yes

Yes
No
Yes
Yes

Yes
No
Yes
Yes

Yes
No BA
Yes
No

Yes
No BA
Yes
Yes

Yes
No BA
Yes
No

Yes
No BA
No
No

Annual Requirements
Annual Return
Audited Accounts

No
No

No
No

Yes
No

Yes
No

No
No

Yes
Yes

No
Yes

No
No K

No
No

Yes
No

No
No

Yes
Yes D

Yes
No

No
No

Yes
No D

No
No

Yes
Optional

No
No

No
No

Chinese Language Features

Chinese Name Allowed on C of I
Chinese M&A Available

Yes
Yes

Yes
Yes

Yes
No

No
No

No
No

Yes
Yes

Yes
No

Yes
No

Yes
Yes

Yes
Yes

Yes
Yes

No
No

Yes
No

No
No

No
No

No
No

Yes
No

No
No

No
No

1/5Q
1/5Q

16
16

7
7

2
2

10

Due Diligence/Disclosure
Due Diligence Required
Disclosure of Beneficial Owner on Public File
Government Filing of Register of Directors
Government Filing of Register of Shareholders

Shelf Companies Available at OIL

Days to Incorporate Companies on Request (Approx)J
English Name
English & Chinese Name

2
2

Nil

1
1
1
1
Yes
No
No
Yes
US$50,000 1,500NPV H
Yes E
No

1
2

This Comparison Chart is intended to provide an overview of key corporate features of the
various jurisdictions. The content is general in scope and should not be relied upon as advice.
OIL strongly recommends that applicable professional advice be taken prior to purchasing a
company or establishing any corporate structure.

201506

Every effort has been made to ensure that the content within this Comparison Chart is
correct and up-to-date. OIL does not accept any responsibility, legal or otherwise, resulting
from any errors or omission. Fees quoted may be subject to change.

www.oilglobal.com

Nil L

Good
Fair
Good
Yes
No
Yes
Ltd
Corporation Corporation
Yes
Yes
Yes
3% or
Nil
Nil
RM20,000

7
15

Notes:

1
1

2
2

1
1-2

Long Life Companies available

BA Only to Registered Agent

1
1
3
1P
Yes
Yes
Yes
Yes
500NPV H US$100,000
Yes O
Yes E

Additional fees may apply for Chinese names and/or M&A, initial offices, or other requirements

After name is approved; timing represents availability of C of I copy. Original C of I and company kit is
typically available in the following week

BB Only to Government Authorities and Registered Agent

C

Singapore Companies with Land Dealings Unit (LDU) certificate available

A Financial Summary is required to be filled with the FSC

Small private exempt company exempted from audit

Tax advice should be obtained in relation to issues on Federal Tax and Tax forms reporting requirements

Subject to custodial provision

Concept of Registered Agent is not applicable

Restrictions exist re same person acting as director/shareholder/secretary

At least one director must be a natural person

Corporate director has to be either regulated or licenced

Law adopting a custody regime applicable to bearer shares enacted and shall come into effect in Aug 2015

NPV = Share of No Par Value

For sole shareholder companies

One day for e-submission and five days for paper filing