Location Comprising about 115 islands in the Indian Ocean, most of which located south of the equator about 4 to 5 degrees
Population About 80,000
Language English, French
Legal System English common law, the French Civil Law and common law
Time Required 5 working days for a shelf company 20 working days for a new company
Advantages 1. Able to add Chinese Name (Optional, additional charge for registration is required: 1,000-) 2. Secure the privacy of personal details of the Director and Shareholder with greatest confidentiality 3. Do not require Company Secretary 4. Convenience on transfer of Shares (No stamp duty/restriction) 5. Able to open a bank account in Hong Kong 6. Do not require submitting Annual Return 7. Not required to submit the company accounts annually 8. Tax exemption for offshore business
Formation Requirement 1. 1 Director 2. 1 Shareholder (no restriction on the nationality; Shareholder can also be appointed as Director) 3. No restriction on the Share currency (e.g. USD / HKD / RMB etc.) 4. Standard issued Share Capital is (US$) 1,000,000
Documentation 1. Registration documentations 2. Company Incorporation Certificate (C.I.) 3. Memorandum & Articles (M&A) 4. Share Certificate 5. 1 piece of Pre-stamp Chop 6. 1 piece of Common Seal 7. 1 Legal Company Statutory Record of shareholders, directors and secretary
Renewal service 1. License fee should be paid annually to ensure the legal status of the company. 2. It takes 7 working days for the annual verification. 3. Confirm and update company registration information. 4. Issue annual inspection certificate and ensure its legitimacy. 5. If the registered capital of more than $1,000,000, registered annual maintenance cost will increase correspondingly. |