Pevex Accounting Services Ltd.

Accounting, Payroll & Structuring Services

Copyright © 2012 - 2015  Pevex Accounting Services Ltd. Registered in the UK No 8190796, HMRC MLR No 12691270                                                                                    

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Summary of jurisdictions

Please note: Pevex Accounting Services Ltd. does not offer or provide company formation or company management services. For the convenience of our clients however, we provide below a summary of various jurisdictions. Each jurisdiction carries our rating for various categories, and an indication of first year costs including those items/services which are mandatory.


Please visit, Taipan Management Services Ltd. for further information regarding company formation. A new page will open in your browser.





Full accounts must be prepared, audited & filed. Thus, relatively expensive to maintain.

The company registry is public although nominees are generally used to provide privacy.

Corporate directors are not permitted from 1/1/2014.

More about Hong Kong

Low Tax - 12.5% corporate taxation of profits, no tax on dividend payments.  


Non-resident companies are also possible (must be managed from outside Cyprus) -  Zero Tax.


Full EU member and therefore suitable for open trading
with other EU states.  VAT registration a requirement for trading companies.  Strongly recommended to have a majority of local directors to demonstrate local management & control.


Full accounts must be prepared, audited & filed together with VAT records.  Thus, relatively expensive to maintain.

The Company registry is public although nominees are generally used to provide privacy. Corporate Directors are not permitted.

Cyprus

Asset holding

Taxes payable

Overall rating

International trading

Asset holding

Discreet trading

Taxes payable

Overall rating

Overall costs

Low Tax - For the 1st 3 years of existence, the first S$100,000 (c. $80,000) is not taxed. Generally, taxation is 8.5% (up to S$300k, and 17% thereafter. Non-Singapore source income may not be subject to taxation. There is no tax on dividend payments. Respectable jurisdiction without the taint of being a "tax haven". A local director & company secretary are required and this helps demonstrate local management & control.

Singapore

A local director and company secretary are legal requirements - corporate directors are not permitted. Full accounts must be prepared & filed. Thus, relatively expensive to maintain. However, no audit required for SME’s. The Company registry is public although nominees are generally used to provide privacy.

Hong Kong More about Singapore

International trading

Asset holding

Discreet trading

Taxes payable

Overall rating

Formation, 1st year Registered Office, Company Secretary & Director US$ 5,527

Overall costs

Low Tax - Non-HK source income is not taxed, and locally generated income is subject to tax at 16.5%. There is no tax on dividend payments.

Respectable jurisdiction without the taint of being a "tax haven".

 

International trading

Discreet trading

Formation, 1st year Registered Office, Company Secretary
US $ 1,991

Overall costs

The Caribbean, Central America and Indian Ocean

Anguilla - $1,180

Pevex | Contact us

Belize - $ 800

B.V.I. - $ 1,375

St. Lucia - on request

Nevis - $ 1,395

Formation, 1st year Registered Office, Company Secretary & Director (Euro) € 2,937

More about Cyprus

Dominica - $ 1,100

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Often described as “tax havens”, a number of countries (mostly EU) impose withholding taxes on payments due to companies in these jurisdictions. Great care must be taken when using these companies for international trading.


These jurisdictions are broadly similar & therefore the choice of jurisdiction is one of perception & price. Technically, Belize is not in the Caribbean but it shares similar IBC legislation (based on the B.V.I.).  

International trading

Asset holding

Discreet trading

Taxes payable

Overall rating

Approximate 1st year
costs including RA fees & taxes between
US $ 800 - US $ 1,395

Pevex | Contact us

Marshall Islands - $ 1,150

Mauritius - $ 1,650

Seychelles - $ 1,100

St. Vincent - $ 1,000

More about RAK

Asset holding

Taxes payable

Overall rating

International trading

Discreet trading

Formation, 1st year Registered Office, Company Secretary
US $ 2,450

Overall costs

Ras Al Khaimah International Company, or RAK Offshore Company is ideal for businesses wishing to be registered in the UAE but not intending to conduct any business within the Emirates.


UAE is FREE of ALL income & corporate taxes

Complete privacy - NO public record

NO accounts filing requirements

Reputable jurisdiction

Corporate Directors and shareholders are permitted.

RAK (UAE), near Dubai Pevex | Contact us Pevex | Contact us Pevex | Contact us Pevex | Contact us