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:
Have the Many Benefits of Offshore Banking Left the Industry Open to Abuse?
The overseas banking industry is a billion-dollar business. Its no surprise that during the last decade, criminals have discovered ways to circumvent and exploit the system, ultimately giving the offshore world a bad reputation. This article looks at the many benefits associated with overseas banking; and how this has left the industry open to abuse.
An Overview of Offshore Banking & its Benefits
Generally speaking, overseas or offshore banking has garnered a bad reputation in the financial world. Usually the term is synonymously used with embezzlement, money laundering and tax evasion; evoking reminiscent scandals such as the Panama Papers.
Crypto-currency Start-ups Buying False Reviews is Destablising Reputable Investment Sources
When cryptocurrency issuers want reviews for their coins, reports have surfaced that several prominent companies have been found offering money to advertisers in exchange for positive appraisals.
Is the Era of Shell Companies Coming to an End?
The Honourable Dr. Orlando Smith, Premier and Minister of Finance has announced that the BVI Government will take all reasonable steps to address European Union concerns about economic substance and a new Legislation is intended to be in force by the end of December 2018 in order to avoid the European Union Black List of Tax Heaven Jurisdictions.
Regulatory Update: BVI Economic Substance Act 2018
In 2016, the Council of the EU pledged to start advocating tax transparency and fairer taxation within Europe and consequently worldwide. After the EUs Code of Conduct Group (COCG) on taxation investigated BVI practices, they found a number of concerns regarding legitimate substance requirements for companies and limited partnerships doing business in and through BVI.
Information on the Payment of Cyprus Taxes for Pensions & Rental Income
Cyprus employees who are considered to have tax resident status, pay tax on their global income. Employees not considered to be tax resident are only charged for specific types of income that are originating from Cyprus-based sources.
Cyprus Regulatory Update: Shell Company Definition & Exceptions
The Central Bank of Cyprus has released new guidance for all credit institutions on the island, refining the definition for shell companies and subsidiary entities; coming into effect from November 2018, which are detailed as follows:
Singapore Variable Capital Company VCC: New Features & Benefits
The introduction of the VCC is a significant positive for the Singapore funds industry. Its aim is to retain Singapore as an attractive business destination and to keep investors wishing to domicile locally.
