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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

US$780
from
US$630

US$600

US$2,525
from
US$1,905

US$720
from
US$525

US$720

US$650

US$550

2,000

AED7,750

US$3,580

US$1,650

US$880

N/A

200

AED4,500

US$750
from
US$350 R

US$700

US$420

US$650
from
US$550

S$980

US$570

US$700

US$2,354

US$900

US$560

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

OIL Groups Fee


Incorporation FeesI
Annual Renewal Fees
Shelf Companies Available at OIL
Days to Incorporate Companies on Request (Approx)J
English Name
English & Chinese Name

2
2

US$530

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

US$600

Notes:

HK$3,800 US$11,060 US$2,750


BR Cert
US$7,975 US$1,250
HK$2,250

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

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

A Financial Summary is required to be filled with the FSC

Singapore Companies with Land Dealings Unit (LDU) certificate available

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

Small private exempt company exempted from audit

Concept of Registered Agent is not applicable

Subject to custodial provision

At least one director must be a natural person

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

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

Corporate director has to be either regulated or licenced

For sole shareholder companies

NPV = Share of No Par Value

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

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

For provision of Registered Office only

BB Only to Government Authorities and Registered Agent