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Comparison of Companies in Offshore Jurisdiction
Jurisdictions Hong Kong British Virgin Islands Samoa
Type of Company Limited / Ltd BC International / Int’l
Legal System British Based British Based British Based
Tax on Offshore Profits Nil Nil Nil
Corporate Requirements
Minimum Number of Shareholders 1 1 1
Minimum Issued Capital 1 1 1
Minimum Number of Directors 1 1 1
Corporate Director Permitted √ √ √
Company Secretary Required √ Optional X
Bearer Shares Permitted X √ X
Chinese Name on Certificate of Incorporation √ √ X
Local Requirements
Registered Office √ √ √
Registered Agent X √ √
Company Secretary √ X √
Director X X X
Meeting X X X
Due Diligence and Disclosure Requirements
Due Diligence Requirements X √ √
Disclosures of Beneficial Owner X X X
Filing of Directors Information √ Optional Optional
Filing of Shareholders Information √ Optional Optional
Annual Requirements
Annual Returns √ √ √
Business Registration / Licence √ √ √
Audited Accounts √ X X
Profits Tax Return √ X X