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The Marshall Islands – Unsurpassed design choices for shareholding

The Marshall Islands permit using “real” bearer shares. These are unit certificates of the corporate, on which the proprietor doesn’t should be named, neither is this unit certificates to be deposited at a chosen place. The usually approved share capital is 500 shares of no par worth or, with a specified face worth, as much as USD 50,000.00. The subscribed capital is thus both a share without par worth or a share at par worth. Companies incorporated within the Marshall Islands could have registered shares, bearer shares, desire shares and redeemable desire shares, shares with or without par worth and shares with or without voting rights. The prevailing company kind, the Worldwide Enterprise Firm (“IBC”), is by its very nature an everyday restricted legal responsibility firm.

The Republic of Marshall Islands is an island nation in central Oceania. It contains the eponymous archipelago belonging to Micronesia. With 53,000 inhabitants on a space of 181 sq. kilometers, the Marshall Islands are among the very smallest states on earth.

Data agreements in tax issues don’t exist. The non-public particulars of the administrators and homeowners of an offshore firm within the Marshall Islands are handled confidentially. A disclosure obligation to native authorities doesn’t exist. There isn’t any minimum capital requirement.

There isn’t any obligation to submit annual monetary statements. The Firm is a non-resident firm exempt from tax legal responsibility within the Marshall Islands.

The Marshall Islands are appropriate as a location for your enterprise, particularly together with an “I-Account Hong Kong”.

The Business Center Zug accompanies your start-up. Profit from our years of experience!

Formation expenses: 2.450 USD

The Cayman Islands – one of the safest places in the world for Your money

The Cayman Islands comply with OECD financial regulations and cooperate with the international community in the fight against money laundering. Despite the recent crackdown on offshore banks in recent years, the Cayman Islands are still one of the safest places in the world for Your money, according to the Financial Secrecy Index. The Business Center Zug supports you comprehensively and competently with your company founding on the Caymans Islands!

The Cayman Islands consist of a group of three islands in the western part of the Caribbean, 700 km south of Miami and 750 km east of Mexico. The three islands of Grand Cayman, Cayman Brac and Little Cayman are adjacent to the Greater Antilles and the Western Caribbean.

Tourism is the country’s main source of income, accounting for 70% of GDP, followed by the financial services industry. The largest sectors are banks, hedge fund management and self-insurances. The Cayman Islands are the fourth largest banking center in the world, home to 40 of the world’s 50 largest banks. The islands also host the world’s second-largest captive insurance industry with premiums of more than $ 7.7 billion and assets under management of nearly $ 37 billion.

The national currency Cayman Dollar (KYD) is linked to the US dollar. Although the country does not know any form of taxes, there are forms of indirect taxes that allow the government to collect revenues, such as taxes. Import tariffs achieved. The islands have a state-of-the-art telecommunications network.

There is no obligation to disclose the beneficial ownership or details and personal information of shareholders and directors to the public. However, the name and details of the director must be submitted to the commercial register upon the presentation of the constitutional documents. All information is kept confidential with minimal personal exposure. The use of designated directors and shareholders is permitted. A shareholder may be a natural person or a legal entity of any nationality and resident throughout the world. Personal information about the shareholders is not publicly available and does not need to be transmitted to the business register. There are no exchange controls on the Cayman Islands.

For decades, the Caymans have provided world-class financial services and the best conditions for offshore transactions. The location is particularly attractive to hedge funds, captive assurance companies and international investment management. The Cayman Islands have stringent offshore banking laws that effectively protect the privacy of individuals. There are six different types of offshore companies and a Special Economic Zone has recently been set up to make the island even more attractive for international investment. The team at the Business Center Zug will be pleased to advise you, ask us!