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| The BVI has clear advantages over other low tax or tax exempt centres.
The BVI
- no annual return is required
- no disclosure of the beneficial owners is required
- no Company Secretary is required
- no local Director is required
- Directors and Shareholders meetings may take place anywhere (even via telephone)
Bermuda
- requires a Company Secretary
- requires to file an annual return
- requires local Directors
- requires local meetings
The Caymans
- requires to file an annual return
- requires a government Register of Directors
- requires local director and shareholder meetings
The Cook Islands
- requires to file an annual return
- requires a government Register of Directors
- requires a Company Secretary
- requires local Directors
The Isle of Man
- requires to file an annual return
- requires a government register of Directors
- requires a Company Secretary
- requires a local Director
Jersey
- requires disclosure of the beneficial owners
Samoa
- requires a Company Secretary
- the usual authorised capital is US$ 1,000,000.00
The Turks & Caicos
- require to file an annual return
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