Jurisdictions

We can incorporate in many jurisdictions – some are more suitable to certain operations and much of this depends on how the business world recognises the particular jurisdiction. It had become the norm to ask for a “BVI company”, this being a standard IBC, however despite its profile the BVI offers nothing different to the likes of Belize and other Caribbean or worldwide IBC jurisdictions – we have profiled Belize as the costs are lower than BVI.

See the two examples below and check out our page on Ras Al-Khaimah.

These examples highlight the relative merits of internationally available tax regimes.

Example 1: Belize    

Have committed to the internationally agreed tax standard, but have not yet substantially implemented it. As a former British colony and a member of the British Commonwealth this jurisdiction is open to “transparency” pressure from the UK/EU and as such has little privacy protection.

• Registration from $1800, annual fees $800
• Suitable for low profile operations or property holding.
• The future is unknown as the listing might change if the tax standards are not implemented.

Example 2: Seychelles

Have committed to the internationally agreed tax standard, with 12 double tax treaties is a white listed jurisdiction. As an independent country has a higher level of privacy.

• Registration $1200, annual fees $700.
• Suitable for most operations; however as a standard IBC it doesn’t have the substance of Ras Al Khaimah.
• Good banking both in Seychelles and accepted by banks in Europe.
  
  

Example 3: Ras Al Khaimah (UAE)

Have substantially implemented the agreed tax standard.

• Registration $9500, annual fees $3000.
• This jurisdiction can be used for any trading structure and has excellent banking both inside UAE and internationally.

The advantage of RAK as a jurisdiction is that it is a zero tax environment, so there are no tax liability issues between 'onshore' and 'offshore'.