Island country company registration

Benefits of Setting Up an Island Company:

1. A stable local business environment that facilitates expansion plans across various industries.

2. The registered capital for an island company is only USD $50,000, with no requirement for the capital to be paid up.

3. Extremely high corporate privacy; the information of shareholders and directors is kept confidential and protected by the local government and is not accessible to the public.

4. Local companies are not required to pay any taxes to the local government, including profit tax or property tax. The only tax payable is stamp duty on the transfer or mortgage of real estate.

5. Offshore companies in island jurisdictions may issue registered or bearer shares, and share exchanges between them are permitted.

6. Local companies are not required to have a company secretary, do not need to file annual returns, and are not required to submit company accounts annually.

Registration Requirements:

1. At least one shareholder and one director aged 18 or over.

2. A letter of introduction from an accountant or lawyer must be provided.

3. An island company or a person with island residency must be appointed as the registered agent.

4. The registered address must be in the island jurisdiction.

5. The minimum registered capital is USD $50,000.

Process and Registration Timeline:

1. Company name search (the client provides the proposed company name in Chinese and English for our confirmation).

2. Submission of the first director's and shareholder's information.

3. Signing the power of attorney and required statutory documents (arrangements can be made for courier delivery to the client for signing).

4. Waiting for government approval.

5. The company is officially established.

6. Registering an island company takes approximately 30–35 days to complete.