GBC1

GBC2

 Taxation

15% reducing to 3%

Exempt

 Confidentiality

Good – though complete disclosure of beneficial owner- ship required at incorporation

High

 Audited accounts

Yes required

Not required

 Tax credit available

Yes

No

 Access to tax treaties

Yes

No

 Withholding tax on dividends,
 interest or royalties

None

None

 Duty concessions on furniture,
 office equipment and motor cars

Yes

No

 Incorporation time

2 weeks

2 – 5 days