| General |
| Type of entity: |
CSL |
| Type of law: |
Hybrid |
| Shelf company availability: |
No |
| Our time to establish a new company: |
2 weeks |
| Minimum government fees (excluding taxation): |
US$1,000 |
| Corporate taxation: |
1.5% on Worldwide Income |
| Double taxation treaty access: |
Yes |
| Share capital or equivalent |
| Standard currency: |
US$ |
| Permitted currencies: |
Any except Rs |
| Minimum paid up: |
US$1 (At least 10% of authorised share capital must be issued and paid up) |
| Usual authorised: |
US$5,000 |
| Directors or Managers |
| Minimum number: |
Two |
| Local required: |
No (but necessary for DTA reliance cases) |
| Publicly accessible records: |
Yes |
| Location of meetings: |
Anywhere |
| Members (Shareholders) |
| Minimum number: |
Two |
| Publicly accessible records: |
No |
| Location of meetings: |
Anywhere |
| Company Secretary |
| Required: |
Yes |
| Local or qualified: |
Local |
| Accounts |
| Requirement to prepare: |
Yes |
| Audit requirements: |
Yes |
| Requirement to file accounts: |
Yes |
| Publicly accessible accounts: |
No |
| Other |
| Requirement to file annual return: |
Yes, but not public |
| Change in domicile permitted: |
Permissible |
