Company Comparison Chart
|Basis Of Legal System|
|Type of company|
|Tax on offshore profits|
|Time to form|
|Shelf Companies available through Harneys?|
|Bearer Shares Permitted|
|Location of board meetings|
|Corporate Directors Permitted|
|Annual Filing Requirements|
|Min. Annual Statutory fee|
1 Government approval may be required on exit from certain jurisdictions
2 Must be held by an approved Custodian.
3 Can be a non-Cyprus resident.
4 A sole director cannot serve as the company secretary. A body corporate cannot serve as the company secretary if the sole director is the only director of that body corporate.
5 Information not available to public inspection.
6 Audit requirements and exemptions exist under local law, seek clarification from local office or jurisdiction Key Facts sheet.
7 There are additional filing fees for Annual Returns and other Registry filings.
8 All companies are required to prepare accounts and to be audited by the auditors annually, but annual filing of such audited accounts only applies to public companies and guarantee companies.
9 S130 of the Companies Act 1981 allows a company to appoint a secretary or resident representative, being an individual or a company ordinarily resident in Bermuda, in place of a director.
10 Licensed entities must also file with the Bermuda Monetary Authority details of directors and shareholders and also audited financial statements.