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Law
The Companies Law
(2004 Revised)
Incorporation
Incorporation
normally takes 3-5
working days, though
an “off the
shelf/ready made”
company could be
quicker.
Company
Name
An exempt company
name must end in
“Limited (Ltd)”,
“Incorporated
(Inc)”, “Corporation
(Corp)”, “Society
Anonyme (SA)” and
“Sociedad Anonima
(SA)”. A Non
Resident company
must end in Limited
(Ltd). There are
also restrictions on
the use of certain
words or business
descriptions, such
as Royal, bank,
insurance.
Directors
The minimum number
of directors is one.
The Director does
not have to be
resident
Corporate directors
can be appointed
Secretary
A secretary is
mandatory
The secretary does
not have to be
resident
Share Capital
The minimum number
of shareholders is
one.
Companies can issue
bearer shares, but
they must be held by
a custodian
appointed by the
authority.
Corporate
shareholders are
allowed
No par value shares
are permitted
Shares do not have
to be held by
residents
Where some
shareholders are
nominees, the
ultimate beneficial
ownership does not
have to be declared.
Authorised share
capital normally US$
50,000
Meetings
No requirement to
hold an Annual
General Meeting
(AGM).
Director meetings
and the AGM may be
held anywhere
Seal
A company seal is
usual
Accounts/ Financial
Statements
Accounts do not have
to be filed
Records to be kept
There is no
requirement for
records to be kept
in the jurisdiction
Registered
Office/Registered
Agent
A Registered 0ffice
is required in the
jurisdiction
Annual return
An Annual return is
required.
Price
First year
costs
£3650
Annual renewal
fee £1750
(includes Registered
Agent, Government
fee and Annual
Return fee)
UK & International
For telephone based ordering or
further information
please
call us on +44 (0)20 7353 9471
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