IBC Comparison Table

	Anguilla	Belize	Panama	Jersey	Guernsey	Isle of Man	Seychelles	Nevis
General
Legal System	Common Law	Common Law	Civil Law	Common Law	Common Law	Common Law	Common Law	Common Law
Type of Company for International Business	IBC and LLC	IBC and LLC	Sociedad Anonima	Ltd	Ltd	Ltd	IBC	Exempt
Shelf Companies Available	Yes	Yes	Yes	No	No	Yes	Yes	Yes
Non-English Company Name allowed	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Time to Incorporate	1 Day	1 Day	3-5 Days	3-4 Days	1 Day	1 Day	1 Day	1 Day
Change in Domicile Permitted	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Taxation on Profits	No	No	No	No	No	No	No	No
Exchange Controls	No	No	No	No	No	No	No	No
Corporate Requirements
Minimum Shareholders	1	1	1	1	1	1	1	1
Minimum Directors	1	1	3	1	1	1	1	1
Standard Authorised Capital	US$50,000	US$50,000	US$10,000	GBP10,000	GBP10,000	GBP2,000	US$100,000	US$1,000 or US$100,000
Bearer Shares Permitted	No	Yes	Yes	No	No	No	No	Yes
Location of Meetings	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere
Corporate Directors Permitted	Yes	Yes	Yes	Yes, but only Jersey Corporate Directors	Yes	Yes, but only IoM License Holders	Yes	Yes
Administration	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere	Anywhere
Local Requirements
Registered Office/Agent	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Company Secretary	No	No	Yes	No	No	No	No	No
Director	No	No	No	No	No	No	No	No
Meetings	No	No	No	No	No	No	No	No
Public Filings
Directors	No	No	Yes	No	Yes	Yes	No	No
Shareholders	No	No	No	Yes	No	No	No	No
Beneficial Owners	No	No	No	Yes	No	No	No	No
Accounts	No	No	No	No	No	No	No	No
Annual Requirements
inimum Government Fee	US$200	US$100	US$300	GBP150	GBP500	GBP380	US$100	US$250
Annual Return	No	No	No	Yes	Yes	Yes	No	No
Accounts	Yes	Yes	No	Yes	Yes	Yes	Yes	Yes
Audited Accounts	No	No	No	No	No	No	No	No