• no corporate income tax,
• no obligation to submit annual tax returns and financial statements,
• no minimum capital requirement,
• a shareholder and a director are required to register a company – both functions can be performed by one person,
• no requirement for audits,
• bearer shares are allowed, which guarantees confidentiality and anonymity 
• high level of confidentiality – data of the company owner, directors and shareholders is not subject to public registration,
• 15% VAT,

Moreover: 

• the best form of doing business in Seychelles is the International Bussiens Company – IBC,
• no requirement for local board members/shareholders
• IBC is not subject to any tax on income or profits,
• IBC shareholder from Seychelles is not subject to any income tax on profits,
• International Bussines Company is exempt from any taxation,
• International Bussines Company is required to keep records of its accounting activities. 

• no taxation of company income in Panama,
• no need to submit annual income reports,
• possibility to reduce the income tax to 0%,
• bearer shares are allowed,
• no mandatory audit requirements,
• high level of anonymity and confidentiality,
• operating costs are relatively low,
• no taxes on income made outside of Panama,
• there is no withholding tax, i.e. companies do not pay tax if they do not operate in local markets,
• possibility to establish a company with a nominated director, which guarantees anonymity in the public register,

• it is possible to introduce bearer shares, which guarantees shareholders’ anonymity,
• absolute banking secrecy – there is a requirement of absolute commercial and corporate confidentiality,
• Meetings of directors or shareholders do not have to be held in Panama,
• Favourable corporate tax rates:

• • 0% tax on companies not operating in Panama
  • 25% tax on companies operating in Panama
  • Capital income tax is 10%
  • The dividend tax on companies not operating in Panama is 5%
  • The dividend tax on companies operating in Panama is 10%

• no corporate income tax,
• no property tax,
• no obligation to keep accounts,
• no obligation to pay up share capital,
• no VAT, 
• no customs fees,
• only one director or shareholder – physical or legal person – from any country is required to register a company (it may be the same person),
• directors’ and/or shareholders’ data is not included in any company’s founding documents and does not appear in any public records,

• restrictive confidentiality provisions.

Moreover:

• the most common and beneficial type of company is international commercial companies (International Business Company – IBC).
• to take advantage of tax benefits, the company must have a registration address on the Virgin Islands, which will appear on company documents – for this purpose, use the services of a virtual office.

• no income tax on capital income, turnover and VAT,
• in a situation where the company’s income does not come from the USA, there is no obligation to keep accounts and 
• in a situation where the company’s income does not come from the USA, there is no taxation of the company itself,
• a very high level of confidentiality of company owners, directors and proxies,
• no personal liability of members/partners of the company,
• Financial liability is only related to the company’s capital or the amounts of investments incurred by the company,

• no obligation to document decisions in writing,
• low operating costs,
• court disputes resolved by the Delaware State Arbitration Court,
• you can run your business from anywhere in the world,
• flexible company structure,
• guaranteed prestige of an entity based in the United States – establishing a company in such a strong and thriving market economy such as the United States undoubtedly inspires trust among contractors.