Intellectual Property
Health Law
Labor Law
Maritime Law
Mining Law
Offshore Corporations
Panamanian Corporate Law
Privatization
Commercial Law
Taxation
Litigation
Banking Law
Insurance
Immigration Law
Merger Acquisitions & Joint Venture
Privatization & Government Contracts
Real Estate & Property Law
Securities Regulation

Trust & Foundations

Commercial Transactions and
Contract Law
Banking & Finance Law
Communications Law
Immigration
Litigation on Commercial & Civil Matters
 

OFFSHORE CORPORATIONS

The Offshore Corporations are handled by a BENEDETTI & BENEDETTI subsidiary, which is BENEDETTI & BENEDETTI LTD.
This subsidiary consists of specialized attorneys in the areas of Company formation and Administration, Trust, Private Foundation, Incorporation of Tax Free offshore Companies Worldwide, Nominee and Trustee Services, Banking and Tax Law, Intellectual and Industrial Property Law and Litigation, Ship and Mortgage Registration and privatizing public enterprises.



BRITISH VIRGIN ISLANDS

BENEDETTI & BENEDETTI LTD. provides professional IBC Formation and administration service in The British Virgin Islands.

Some of the IBC benefits are:

Name: The desired corporate name (ending with “Limited”, “Corporation” “Incorporated”, “Societe Anonyme”, “Sociedad Anónima”, or their abbreviations. “The use of names including the words “bank” or “insurance”, “reinsurance”, “trust” or “trustee” are restricted. The use of names suggesting connections with royalty or government are also restricted.

Confidentiality: There is no requirement for an IBC to file accounting, director or shareholders information with the Registrar of Companies.

Capital: No minimum share capital requirements.

Shares: Bearer, nominative, par or no par value shares are permitted.

Shareholders: Only one shareholder is required.

Directors/Officers: Only one director is required (There is no residency or nationality requirement for directors or officers).

Company Seal: The company seal is mandatory.

Registered Agent/Registered Office: There is no special qualification with respect to the Registered Agent. The Registered Office should be in the British Virgin Islands.

Shareholder’s Meetings: Shareholder’s meetings may be held anywhere in the world, in person, by telephone conference call or other electronic method of communication. Representation by proxies is permitted.

*Note: IBC Companies may not:

1. Carry on business with persons who are residents in BVI;
2. Own Property in the BVI apart from a business office where records are kept.


INFORMATION REQUIRED TO COMMENCE INCORPORATION OF A BRITISH VIRGIN ISLANDS INTERNATIONAL BUSINESS COMPANY:

1. The desired corporate name: (ending with “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anónima”, or their abbreviations). “The use of names including the words “bank”, “insurance”, “reinsurance”, “trust” or “trustee” are restricted. The use of names suggesting connections with royalty or government are also restricted.

2. The desired authorized share capital (detailing the voting rights and nominal value of each class of shares, if more than one class is to be issued).

NOTE: Company registration costs and annual government license fees (Stated in U.S. dollars) are based upon the authorized share capital of a British Virgin Islands International Business Company as follows:

AUTHORIZED SHARE CAPITAL
COMPANY REGISTRATION FEE
ANNUAL GOVERNMENT LICENCE FEE
UP TO US$ 50,000.00
US$ 300.00
US$ 300.00
OVER US$ 50,000.00
US$1,000.00
US$1,000.00

 

In the event of no par value shares being designated, the company registration fee is US$350.00 and the annual government licence fee is US$350.00 per annum.

3. The names and addresses of any directors or officers to be appointed (unless nominees are to be provided by our office).

4. The number of shares to be issued and the names and addresses of the holders of these shares (unless bearer shares are to be issued).

5. The desired method of delivery and the name and address of the recipient.

Recovery of incorporation documentation normally takes two working days. The incorporation date is usually the day following on which the order is placed.

 


THE BAHAMAS

BENEDETTI & BENEDETTI LTD. provides professional IBC Formation and administration service in The Bahamas.

Some of the IBC benefits are:

Name: The desired corporate name (ending with “Limited”, “Corporation” “Incorporated”, “Societe Anonyme”, “Sociedad Anónima”, or their abbreviations. “N.V.” may also be continued). “The use of names including the words “bank” or “insurance” are restricted. The use of names suggesting connections with royalty or government are also restricted.

Confidentiality: There is no requirement for an IBC to file accounting, director or shareholders information with the Registrar of Companies.

Capital: No minimum share capital requirements.

Shares: Bearer, nominative, par or no par value shares are permitted.

Shareholders: Only one shareholder is required.

Directors/Officers: Only one director is required (There is no residency or nationality requirements for directors or officers).

Company Seal: The company seal is mandatory.

Registered Agent/Registered Office: There is no special qualification in respect to the Registered Agent. Registered Office should be in The Bahamas.

Shareholder’s Meetings: Shareholder’s meetings may be held anywhere in the world, in person, by telephone conference call or other electronic method of communication. Representation by proxies is permitted.

*Note: IBC Companies may not:

1. Carry on business with persons who are residents in the Bahamas;
2. Own real estate in the Bahamas;
3. Conduct Banking or Insurance Business.


INFORMATION REQUIRED TO COMMENCE INCORPORATION OF A BAHAMAS INTERNATIONAL BUSINESS COMPANY:

1. The desired corporate name (ending with “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anónima”, or their abbreviations. “N.V.” may also be continued). “The use of names including the words “bank” or “insurance” are restricted. The use of names suggesting connections with royalty or government are also restricted.

2. The desired authorized share capital (detailing the voting rights and nominal value of each class of shares, if more than one class is to be issued).

NOTE: Company registration costs and annual government licence fees (Stated in U.S. dollars) are based upon the authorized share capital of a Bahamas International Business Company as follows:

AUTHORIZED SHARE CAPITAL
COMPANY REGISTRATION FEE
ANNUAL GOVERNMENT LICENCE FEE
UP TO US$ 5,000.00
US$ 100.00
US$ 100.00

US$5,000.01
TO US$50,000.00

US$ 300.00
US$ 300.00
OVER US$50,000.00
US$1,000.00
US$1,000.00

 

In the event of no par value shares being designated, the company registration fee is US$350.00 and the annual government licence fee is US$350.00 per annum.

3. The names and addresses of any directors or officers to be appointed (unless nominees are to be provided by our office).

4. The number of shares to be issued and the names and addresses of the holders of these shares (unless bearer shares are to be issued).

5. The desired method of delivery and the name and address of the recipient.

Recovery of incorporation documentation normally takes two working days. The incorporation date is usually the day following on which the order is placed.


SPECIAL JURISDICTIONS

The Bahamas
International Business Companies (IBCs) have full exemption from taxation on any business activity carried on outside the Bahamas.

Other advantages are:

No minimum or maximum capital requirements
Bearer Shares at owners option
Shareholders and Directors may hold their meetings in any country
No requirement to hold Annual General Meetings
No requirement to file Annual Returns or Financial Statements
Complete business privacy and confidentiality.

 

British Virgin Islands
Here, an IBC also has the advantage of Total Secrecy and Anonymity as well as full exemptions from taxation on any business carried on outside the BVI.

Directors or Officers do not have to be Shareholders
Issue of shares may be in any currency
No minimum or maximum capital requirements
Mortgages & Charges can be registered
No requirement to file Annual Returns or Financial Statements
Accounting records may be kept at any location.

 

Panama
Panama Corporations have no requirement to disclose beneficial owners.

Full Exemption from taxation on any business activity carried on outside Panama
No minimum or maximum capital requirements
Bearer Shares may be issued
Complete banking secrecy
No requirement to file Annual returns of Financial Statements
Convenient registration of Vessel and Ship Mortgages
No requirement to hold General Meetings of Shareholders or Directors.

 

Cayman Islands
The Cayman Islands are internally self-governing British Crown Colony within the British commonwealth and are located in the Caribbean approximately 500 miles south of Miami, Florida, USA.

Only one shareholder is required
Different classes of shares are permitted
Only one director and a secretary are required
Alternate directors are permitted
The company has perpetual duration

 

Turks and Caicos Islands
The Turks and Caicos Islands are an internally self governing British Crown Colony within commonwealth and are located in the Caribbean one hours flying time from Miami, Florida, USA.

The company is exempt from all local taxes and stamp duties
Only one director and a secretary are required
Different classes of shares are permitted
Only one shareholder is required.

 

Other Jurisdictions
In addition to its own international offices BENEDETTI & BENEDETTI LTD. works with independent correspondents and provides services in each of the following additional jurisdictions:

BARBADOS
BELIZE
BERMUDA
BRITISH VIRGIN ISLANDS
CAYMAN ISLAND
CYPRUS
DUTCH ANTILLES
GIBRALTAR
GUERNSEY
HONG KONG
IRELAND
ISLE OF MAN
JERSEY
LUXEMBOURG
LIBERIA
MALTA
MONTSERRAT
VANUATU
THE NETHERLANDS
ANTILLES




 

 
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