Linkia Trust offers offshore company formation in most key jurisdictions as well as in many others around the world. In selecting an offshore jurisdiction to suit you specific requirements you must be careful. Before making a decision it is important to consider some important factors such as the tax regime, the existence of double tax treaties jurisdiction stability etc. We will provide professional advice and guidance through our team of experts.
COMPARISON TABLE OF KEY JURISDICTIONS
|Jurisdiction||Approx. time to incorporate||Minimum no. of Directors||Local Dir/Sec required||Shr/holder required||Disclosure of Beneficial Owner requirement||Audit Requirement / Accounts Filing Req/ments||Taxation|
|Hong Kong||2-3 days||1||No/Yes||1||No||Yes/Yes||Nil**|
|Ras Al Khaimah (UAE)||1 day||1||No/No||1||No||No/No||Nil|
* Once the financial accounts are ready, a Singapore company may be required to have its accounts audited if the company falls under one of the following:
- Entity is a Singapore company with corporate shareholding; or
- Entity is a Singapore company with annual revenue exceeding S$5 million.
** Profits tax is charged only on profits earned in Hong Kong. A company is not required to pay tax if it carries on business in Hong Kong, but its profits come from another country. Profits earned inside Hong Kong are taxed at 16.5%. Also no capital gains tax, no tax on dividends and no tax on interest earned.