| OFFSHORE
CORPORATIONS
The
Offshore Corporations are handled by a BENEDETTI
& BENEDETTI subsidiary, which is BENEDETTI
& BENEDETTI LTD.
This subsidiary consists of specialized attorneys
in the areas of Company formation and Administration,
Trust, Private Foundation, Incorporation of Tax
Free offshore Companies Worldwide, Nominee and
Trustee Services, Banking and Tax Law, Intellectual
and Industrial Property Law and Litigation, Ship
and Mortgage Registration and privatizing public
enterprises.
BRITISH
VIRGIN ISLANDS
BENEDETTI
& BENEDETTI LTD. provides professional
IBC Formation and administration service in The
British Virgin Islands.
Some
of the IBC benefits are:
Name:
The desired corporate name (ending with “Limited”,
“Corporation” “Incorporated”,
“Societe Anonyme”, “Sociedad
Anónima”, or their abbreviations.
“The use of names including the words “bank”
or “insurance”, “reinsurance”,
“trust” or “trustee” are
restricted. The use of names suggesting connections
with royalty or government are also restricted.
Confidentiality:
There is no requirement for an IBC to file accounting,
director or shareholders information with the
Registrar of Companies.
Capital:
No minimum share capital requirements.
Shares:
Bearer, nominative, par or no par value shares
are permitted.
Shareholders:
Only one shareholder is required.
Directors/Officers:
Only one director is required (There is no residency
or nationality requirement for directors or officers).
Company
Seal: The company seal is mandatory.
Registered
Agent/Registered Office: There is no
special qualification with respect to the Registered
Agent. The Registered Office should be in the
British Virgin Islands.
Shareholder’s
Meetings: Shareholder’s meetings
may be held anywhere in the world, in person,
by telephone conference call or other electronic
method of communication. Representation by proxies
is permitted.
*Note:
IBC Companies may not:
1.
Carry on business with persons who
are residents in BVI;
2. Own Property in the BVI
apart from a business office where records are
kept.
INFORMATION REQUIRED TO COMMENCE INCORPORATION
OF A BRITISH VIRGIN ISLANDS INTERNATIONAL BUSINESS
COMPANY:
1.
The desired corporate name: (ending with “Limited”,
“Corporation”, “Incorporated”,
“Societe Anonyme”, “Sociedad
Anónima”, or their abbreviations).
“The use of names including the words “bank”,
“insurance”, “reinsurance”,
“trust” or “trustee” are
restricted. The use of names suggesting connections
with royalty or government are also restricted.
2.
The desired authorized share capital
(detailing the voting rights and nominal value
of each class of shares, if more than one class
is to be issued).
NOTE:
Company registration costs and annual government
license fees (Stated in U.S. dollars) are based
upon the authorized share capital of a British
Virgin Islands International Business Company
as follows:
| AUTHORIZED
SHARE CAPITAL |
COMPANY
REGISTRATION FEE |
ANNUAL
GOVERNMENT LICENCE FEE |
| UP
TO US$ 50,000.00 |
US$
300.00 |
US$
300.00 |
| OVER
US$ 50,000.00 |
US$1,000.00 |
US$1,000.00 |
In
the event of no par value shares being designated,
the company registration fee is US$350.00 and
the annual government licence fee is US$350.00
per annum.
3.
The names and addresses of any directors or officers
to be appointed (unless nominees are to be provided
by our office).
4.
The number of shares to be issued and the names
and addresses of the holders of these shares (unless
bearer shares are to be issued).
5.
The desired method of delivery and the name and
address of the recipient.
Recovery
of incorporation documentation normally takes
two working days. The incorporation date is usually
the day following on which the order is placed.
THE BAHAMAS
BENEDETTI
& BENEDETTI LTD. provides professional
IBC Formation and administration service in The
Bahamas.
Some
of the IBC benefits are:
Name:
The desired corporate name (ending with “Limited”,
“Corporation” “Incorporated”,
“Societe Anonyme”, “Sociedad
Anónima”, or their abbreviations.
“N.V.” may also be continued). “The
use of names including the words “bank”
or “insurance” are restricted. The
use of names suggesting connections with royalty
or government are also restricted.
Confidentiality:
There is no requirement for an IBC to file accounting,
director or shareholders information with the
Registrar of Companies.
Capital:
No minimum share capital requirements.
Shares:
Bearer, nominative, par or no par value shares
are permitted.
Shareholders:
Only one shareholder is required.
Directors/Officers:
Only one director is required (There is no residency
or nationality requirements for directors or officers).
Company
Seal: The company seal is mandatory.
Registered
Agent/Registered Office: There is no
special qualification in respect to the Registered
Agent. Registered Office should be in The Bahamas.
Shareholder’s
Meetings: Shareholder’s meetings
may be held anywhere in the world, in person,
by telephone conference call or other electronic
method of communication. Representation by proxies
is permitted.
*Note:
IBC Companies may not:
1.
Carry on business with persons who are residents
in the Bahamas;
2. Own real estate in the Bahamas;
3. Conduct Banking or Insurance
Business.
INFORMATION REQUIRED TO COMMENCE INCORPORATION
OF A BAHAMAS INTERNATIONAL BUSINESS COMPANY:
1.
The desired corporate name (ending with “Limited”,
“Corporation”, “Incorporated”,
“Societe Anonyme”, “Sociedad
Anónima”, or their abbreviations.
“N.V.” may also be continued). “The
use of names including the words “bank”
or “insurance” are restricted. The
use of names suggesting connections with royalty
or government are also restricted.
2.
The desired authorized share capital (detailing
the voting rights and nominal value of each class
of shares, if more than one class is to be issued).
NOTE:
Company registration costs and annual government
licence fees (Stated in U.S. dollars) are based
upon the authorized share capital of a Bahamas
International Business Company as follows:
| AUTHORIZED
SHARE CAPITAL |
COMPANY
REGISTRATION FEE |
ANNUAL
GOVERNMENT LICENCE FEE |
| UP
TO US$ 5,000.00 |
US$
100.00 |
US$
100.00 |
US$5,000.01
TO
US$50,000.00
|
US$
300.00 |
US$
300.00 |
| OVER
US$50,000.00 |
US$1,000.00 |
US$1,000.00 |
In
the event of no par value shares being designated,
the company registration fee is US$350.00 and
the annual government licence fee is US$350.00
per annum.
3.
The names and addresses of any directors or officers
to be appointed (unless nominees are to be provided
by our office).
4.
The number of shares to be issued and
the names and addresses of the holders of these
shares (unless bearer shares are to be issued).
5.
The desired method of delivery and the name and
address of the recipient.
Recovery
of incorporation documentation normally takes
two working days. The incorporation date is usually
the day following on which the order is placed.
SPECIAL JURISDICTIONS
The Bahamas
International Business Companies (IBCs) have full
exemption from taxation on any business activity
carried on outside the Bahamas.
Other
advantages are:
No minimum or maximum capital requirements
Bearer Shares at owners option
Shareholders and Directors may hold their meetings
in any country
No requirement to hold Annual General Meetings
No requirement to file Annual Returns or Financial
Statements
Complete business privacy and confidentiality.
British Virgin Islands
Here, an IBC also has the advantage of Total Secrecy
and Anonymity as well as full exemptions from
taxation on any business carried on outside the
BVI.
Directors or Officers do not have to be Shareholders
Issue of shares may be in any currency
No minimum or maximum capital requirements
Mortgages & Charges can be registered
No requirement to file Annual Returns or Financial
Statements
Accounting records may be kept at any location.
Panama
Panama Corporations have no requirement to disclose
beneficial owners.
Full Exemption from taxation on any business
activity carried on outside Panama
No minimum or maximum capital requirements
Bearer Shares may be issued
Complete banking secrecy
No requirement to file Annual returns of Financial
Statements
Convenient registration of Vessel and Ship Mortgages
No requirement to hold General Meetings of Shareholders
or Directors.
Cayman
Islands
The Cayman Islands are internally self-governing
British Crown Colony within the British commonwealth
and are located in the Caribbean approximately
500 miles south of Miami, Florida, USA.
Only one shareholder is required
Different classes of shares are permitted
Only one director and a secretary are required
Alternate directors are permitted
The company has perpetual duration
Turks and Caicos Islands
The Turks and Caicos Islands are an internally
self governing British Crown Colony within commonwealth
and are located in the Caribbean one hours flying
time from Miami, Florida, USA.
The company is exempt from all local taxes and
stamp duties
Only one director and a secretary are required
Different classes of shares are permitted
Only one shareholder is required.
Other
Jurisdictions
In addition to its own international offices BENEDETTI
& BENEDETTI LTD. works with independent correspondents
and provides services in each of the following
additional jurisdictions:
BARBADOS
BELIZE
BERMUDA
BRITISH VIRGIN ISLANDS
CAYMAN ISLAND
CYPRUS
DUTCH ANTILLES
GIBRALTAR |
GUERNSEY
HONG KONG
IRELAND
ISLE OF MAN
JERSEY
LUXEMBOURG
LIBERIA
MALTA |
MONTSERRAT
VANUATU
THE NETHERLANDS
ANTILLES |
|
