Anguilla
Belize
BVI (British Virgin Islands)
Cayman Islands
Costa Rica
Cyprus
Delaware
Dominica
Dubai
Gibraltar
Hong Kong
Malta
Marshall Islands
Mauritius
Nevis
Panama
Russia
Seychelles
Singapore
UK LLP
Fee schedule
| Description | Fee (USD) | Additional Information |
| Company Incorporation | 1,450.00 | |
| • Government Fees • Certificate of Incorporation • M&AA • Resolution of Directors Appointment • Minutes of First Meeting • Register of Directors & Shareholders • Share Certificates • Maintenance of Registers • Corporate Document Set with Apostille • Company Stamp • Courier |
||
| *Renewal Fees: | ||
| • Registered Office • Registered Agent • Annual License Fee |
750.00 | |
| Annual Nominee Fees: | ||
| Individual Cypriot Nominee Director Corporate Belize Nominee Director Individual Cypriot Nominee Shareholder Corporate Belize Nominee Shareholder |
380.00 200.00 250.00 150.00 |
POA is not included |
| Bank Account: | ||
| Cyprus Bank Account Opening Bank Accounts in other jurisdictions |
Quoted for on a case by case basis |
No Visit required |
| Additional Services: | ||
| Notarisation of Documents | 150.00 | Per Document |
| Apostille of Documents | 200.00 | Includes Notarisation. Fee Per Document |
| Certification by the BVI Registry | 200.00 |
Per document
|
| Certification by Consulate | Quoted for on a case by case basis | |
| Change of Director / Change of Shareholder • Including preparation of Minutes / Resolutions • Share Certificates Updated Register of Directors & Shareholders |
250.00 | Additional charge of 40 USD if more than 1 Director / Shareholder |
|
Certificate of Good Standing • Including Apostille & Courier |
575.00 |
|
|
Certificate of Incumbency • Including Apostille & Courier |
575.00 |
|
|
Power of Attorney • Including Apostille & Courier |
300.00 |
For Cypriot and Corporate Nominees |
|
Power of Attorney • Including Apostille & Courier |
600.00 |
For BVI nominees |
|
Certificate of Tax Exemption • Including Apostille & Courier |
575.00 |
|
|
Amendments to M&AA • M&AA with Apostille & Courier |
625.00 |
|
|
Change of Company Name: • Certificate with Apostille & Courier |
575.00 |
|
|
Virtual Office Services in BVI: • Mail Address |
695.00 |
*A one-off refundable deposit of 500.00 USD required upon commencement of service |
| • Company Search at the Registry | 150.00 | |
| Company Dissolution | 1,600.00 | Including original Certificate of Dissolution The Liquidator is not included in the liquidation process |
| Liquidator | 500.00 | Provided by Eltoma (CY Individual) |
| Change in Domicile | 1,500.00 | |
| Compliance service charges | ||
| Introduction Compliance Fee for New Clients. | US$230 | |
| Annual Compliance Review | US$120 | Charged with June 2016 Company Renewal fee onwards. |
| Compliance Service Fee for all post company incorporation services involving new persons or legal entities. | US$60 – US$120 | Price depends on complexity of the case. |
*Renewal payments due as follows:
• Annual renewals are collected on an annual basis by the first day (1st) of the month of incorporation
• Exceptions for companies incorporated in June and December:
- Renewal collection for companies incorporated in June – by the 01st May
- Renewal collection for companies incorporated in December – by the 01st November
Resources:
Gibraltar companies now have to disclose full Beneficial Ownership details to Central Register
Gibraltar is working to implement all EU legislation relating to the 4th Anti Money Laundering Directive into national law, in addition to the current EU legislation on financial supervision and direct taxation, and to this affect, the Government of Gibraltar have established a Central Register of Beneficial Ownership that will be effective from June 26th 2017.
European Commission publishes tax avoidance disclosure directive
The EC (European Commission) has published its draft legislation compelling financial service providers or intermediaries to disclose any international tax planning schemes they have encouraged, enabled or assisted in any way.
OECD publishes compliance review for all non-compliant jurisdictions
The OECDs global tax transparency initiative was launched last year in April 2016, with the purpose of encouraging every jurisdiction across the world to commit to implementation of a CRS (Common Reporting Standard) for automatic exchange of information by 2018, and to sign the Multilateral Convention on the exchanging of tax data. A forum on behalf of the OECD has released the results of its review for jurisdictions it considers to be non-compliant.
EU Parliament Committee release findings & recommendations for current offshore taxation measures
A formal enquiry into the Panamanian law firm Mossack Fonseca has been launched by the European Parliament's Committee, which found gaps in beneficial ownership transparency for trusts and fiduciaries and didn’t meet the EU standard.
2017 G20 summit: Enforcement of taxation highest priority
The 2017 G20 leaders’ summit took place in Hamburg last week where the European Commission Council and leaders discussed the priorities and primary projects for the upcoming summit. EC President Jean-Claude Juncker has stated that advancing the global combat against tax evasion is top of the list.
The EC takes action against advocates promoting tax avoidance schemes
The European Commission has recommended the implementation of a new regulation regarding companies or intermediaries who promote or design cross-border tax planning schemes will going forward be required to provide full disclosure to the tax authorities of their relevant jurisdiction within five days of offering them to clients.
What are the new Beneficial Ownership reporting requirements for BVI companies?
Going forward, a new regulation will require certain British Virgin Islands companies to gather and retain details of Beneficial Owners with 25% or more of the company’s shareholding rights, with an ongoing requirement to keep the details up to date.
Russian citizens can gain Cyprus tax residency by staying only 60 days on island, whats the catch?
Cyprus is once again working to improve its economic desirability and will be able to increase its alternative business base for Russians with good creditworthiness.
