Jurisdiction Approximate time to incorporate Minimum Annual Licence Duty or Franchise Fee Documents required to be filed Minimum Number of Directors Corporate Directors Permitted Minimum Number of Share-holders Bearer Shares Permitted
BELIZE 24 hours US$100 M&AA 1 Yes 1 Yes (Restricted Mobility)
BRITISH VIRGIN ISLANDS 24 hours US$350 M&AA 1 Yes 1 Yes (Restricted Mobility)
NEVIS 24 hours US$220 M&AA 1 Yes 1 Yes (Restricted Mobility)
ANGUILLA 24 hours US$200 M&AA 1 Yes 1 Yes
PANAMA 1-2 days US$300 M&AA 3 Yes 1 Yes
SEYCHELLES 2 days US$100 M&AA 1 Yes 1 Yes
SINGAPORE 1-2 days US$315 M&AA 1 No 1 No
CYPRUS 5 days US$175 M&AA 1 Yes 1 No
BAHAMAS 3 days US$350 M&AA 1 Yes 1 No

Jurisdiction Local Directors/ Sectretary Required Shelf Companies Available Redomiciliation Option Company Seal Required Requirement to file Annual Returns or Similar Disclosure of Beneficial Ownership Requirement to file accounts Taxation on Foreign Profits
BELIZE No/No Yes Yes Optional No No No Nil
BRITISH VIRGIN ISLANDS No/No Yes Yes Yes No No No Nil
NEVIS No/No Yes Yes Optional No No No Nil
ANGUILLA No/No Yes Yes Yes No No No Nil
PANAMA No/Yes Yes Yes Optional No No No Nil
SEYCHELLES No/No Yes Yes Optional No No No Nil
SINGAPORE Yes/Yes Yes No Optional Yes No Yes Varies
CYPRUS No/No Yes
Yes Yes Yes Yes 10%
BAHAMAS No/No Yes Yes Yes No No No Nil