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Top Offshore Companies Comparison Chart

Offshore Protection's Offshore Company Comparison

The chart represents what are some of the most popular offshore formation products right now. As the offshore formation industry has changed so drastically modern onshore financial centres are becoming more popular for offshore company formation.

Consult the chart below and read on for further country and company-specific details.

 

Corporate Details   Panama Cook Islands  Nevis  Scotland  United Kingdom
 General
Type of Entity Limited by Shares  Limited Liability Offshore Exempt Company (NBCO) Limited Partnership  Private Limited
Type of Law Civil Law System  Common Law  Common Law Common Law   Common Law 
Governed by General Corporation Law of 1927
Coded Bank Accounts Law 8 of 1959

Commercial Code Law 17
Limited Liability Companies Act 2008 Business Corporation Ordinance 1984 Partnership Act 1890
Limited Partnerships Act 1907
 
UK Companies Act 1985
Amended in 1985 and 2006
 
Registered Office  Yes  Yes  Yes  Yes  Yes
Shelf company availability Yes  Yes  Yes  Yes  Yes
Our time to establish a new company 3 days 3 days  1-2 days  3-4 days  1-2 days
Minimum government fees (excluding taxation) USD 250 USD 200  USD 200  GBP 20  GBP 15
Corporate Taxation No No  No  None None (20-28% on local)
Access to Double Taxation Treaties Yes  No  Yes  No  Yes
Share capital
Standard currency Legal tender is the USD 
Official currency is Panamanian Balboa (PAB)
PAB fixed exchange rate USD 1 = PAB 1
 NZD Dollar

Eastern Caribbean Dollar (XCD)
Fixed Exchange Rate USD 1 = XCD 2.7)

GBP Pounds Sterling   GBP Pounds Sterling 
Permitted currencies Any  Any  Any  Any  Any
Minimum paid up No minimum  NA  USD 1  GBP 2  GBP 1
Usual authorized USD 10,000   NA  USD 50,000  GBP 1000  GBP 1000
Bearer shares allowed Yes  NA  Yes  No  No
No par value shares allowed Yes  NA  Yes  No  No
Directors
Minimum number 3 Directors/Officers (President, Secretary and Treasurer) 2  3  1  1
Local required No No  No  No  No
Publicly accessible records No No   No  No  Yes
Location of meetings Anywhere  Anywhere  Anywhere  Anywhere  Anywhere
Corporate directorship allowed No  Yes  No  Yes Yes (but needs on individual)
Shareholders
Minimum number 1  1  1  2  1
Publicly accessible records No  No  No  No Yes  
Corporate shareholder allowed Yes  Yes  Yes  Yes Yes 
Location of meetings Anywhere  Anywhere  Anywhere  Anywhere Anywhere 
Secretary
Required Yes  No  Yes  No No 
Local or qualified No No No   No No 
Accounts
Requirements to prepare No  No Yes Yes  Yes  
Audit requirements No  No No No Yes *(small companies are exempt) 
Requirements to file accounts No  No No No Yes 
Publicly accessible accounts No  No No Yes   Yes 
Gov. Costs
Minimum Annual Tax  USD 250  USD 200 USD 200  GBP 100  NA
Annual Return Filing Fee NA  USD 200  No  GBP 15 GBP 15 
Other
Requirement to file annual return No  Yes  No  Yes   Yes
Migration of domicile permitted Yes  Yes  Yes  No  Yes

For an in:depth look at each company, see the sidebar for company-specific information and if you would like more information on each financial centre see below:

  • Last updated on .
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