General |
Type of entity: |
CSL |
Type of law: |
Hybrid |
Shelf company availability: |
No |
Our time to establish a new company: |
2 weeks |
Minimum government fees (excluding taxation): |
US$1,000 |
Corporate taxation: |
1.5% on Worldwide Income |
Double taxation treaty access: |
Yes |
Share capital or equivalent |
Standard currency: |
US$ |
Permitted currencies: |
Any except Rs |
Minimum paid up: |
US$1 (At least 10% of authorised share capital must be issued and paid up) |
Usual authorised: |
US$5,000 |
Directors or Managers |
Minimum number: |
Two |
Local required: |
No (but necessary for DTA reliance cases) |
Publicly accessible records: |
Yes |
Location of meetings: |
Anywhere |
Members (Shareholders) |
Minimum number: |
Two |
Publicly accessible records: |
No |
Location of meetings: |
Anywhere |
Company Secretary |
Required: |
Yes |
Local or qualified: |
Local |
Accounts |
Requirement to prepare: |
Yes |
Audit requirements: |
Yes |
Requirement to file accounts: |
Yes |
Publicly accessible accounts: |
No |
Other |
Requirement to file annual return: |
Yes, but not public |
Change in domicile permitted: |
Permissible |