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ALBA
MANAGEMENT
SERVICES LIMITED
Company Formations & Company Management |
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ALBA
- Jurisdictions |
Alba can provide
professional corporate services of the highest standards in almost
any jurisdiction including the Bahamas, British Virgin Islands,
Cyprus, Isle of Man, UK, Gibraltar, Seychelles, Cayman Islands,
etc.
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THE
BAHAMAS
BRITISH VIRGIN ISLANDS
CYPRUS
ISLE
OF MAN
UNITED
KINGDOM
GIBRALTAR
SEYCHELLES
CAYMAN ISLANDS
THE BAHAMAS
Now an independent republic, the Bahamas first introduced offshore
legislation in 1989 with the introduction of the International Business
Companies Act. Since then, its legislation has been amended to become
one of the most user friendly in the offshore world.
From the early 17th century up until 1973, the Bahamas was a British
colony and the government is still run along British lines with
the British monarch as the head of state, represented on the islands
by a governor-general. The Bahamas represents a good location for
your offshore company given that it is a long-established and well-respected
jurisdiction
- Established offshore territory
- Guaranteed zero corporate taxation
- No public disclosure of beneficial ownership
- Strong supporting infrastructure of banks, lawyers and accountants
- Fast incorporation - 24 hours Highly flexible, modern legislation
BAHAMAS
General |
Type of entity |
IBC |
Type of law |
Common |
Shelf companies available |
Yes |
Our time to establish a new company |
3 days |
Minimum government fee |
USD350 |
Corporate taxation |
Nil |
Double tax treaty access |
No |
Share capital or equivalent |
Standard currency of share capital |
USD |
Permitted Currencies of Capital |
No restriction. |
Minimum paid up share capital |
USD1 |
Usual Authorised Share Capital |
USD50,000 |
Directors or Managers |
Minimum Number of Directors/Managers |
One |
Local Directors Required/Permitted |
No |
Government Register/Public Record of Directors/Managers |
Yes |
Location of Directors/Managers Meetings |
No restriction. |
Members |
Minimum Number of Shareholders/Members |
One |
Government Register/Public Record of Shareholders/Members |
No |
Location of Members Meetings |
No restriction. |
Company Secretary |
Company secretary required |
No |
Company secretary, local or qualified |
No |
Accounts |
Requirement to prepare accounts |
Yes |
Audit requirements |
No |
Requirement to file accounts |
No |
Publicly accessible accounts |
No |
Other |
Requirement to file annual return |
No |
Change in Domicile Permitted |
Yes |
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BRITISH VIRGIN ISLANDS
The British Virgin Islands first enacted legislation for the incorporation of International Business Companies in 1984. It is the most prolific of all offshore jurisdictions. The chief reason for this is the relatively simple legislation and low costs. The BVI government has also taken the judicious decision to disallow the formation of offshore banks on its territory, and this appears to have helped in circumventing the money laundering activities which other jurisdictions are constantly battling.
- Long-established and well-respected jurisdiction
- Zero corporate taxation
- Same day incorporation possible
- International Business Company status
- Highly flexibly, modern legislation
- No minimum authorised capital
- Choice of corporate structures

BRITISH VIRGIN ISLANDS
General |
Type of entity |
IBC |
Type of law |
Common |
Shelf companies available |
Yes |
Our time to establish a new company |
3 days |
Minimum government fee |
USD350 |
Corporate taxation |
Nil |
Double tax treaty access |
No |
Share capital or equivalent |
Standard currency of share capital |
USD |
Permitted Currencies of Capital |
No restriction. |
Minimum paid up share capital |
USD1 |
Usual Authorised Share Capital |
USD50,000 |
Directors or Managers |
Minimum Number of Directors/Managers |
One |
Local Directors Required/Permitted |
No |
Government Register/Public Record of Directors/Managers |
No |
Location of Directors/Managers Meetings |
No restriction. |
Members |
Minimum Number of Shareholders/Members |
One |
Government Register/Public Record of Shareholders/Members |
No |
Location of Members Meetings |
No restriction. |
Company Secretary |
Company secretary required |
Optional |
Company secretary, local or qualified |
No |
Accounts |
Requirement to prepare accounts |
Yes |
Audit requirements |
No |
Requirement to file accounts |
No |
Publicly accessible accounts |
No |
Other |
Requirement to file annual return |
No |
Change in Domicile Permitted |
Yes |
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CYPRUS
Cyprus is a jurisdiction that benefits from an extensive network of double taxation treaties. Cyprus first started its offshore operation in 1975, with the introduction of tax-efficient legislation for the non-resident investor. Since then, its low taxation rates, coupled with an extensive double taxation treaty network, have attracted investors to its shores. Calmanx established its office there in 2004 in order to expand its operations into markets not readily attainable from its Isle of Man base.
- Good for Middle Eastern, Central and Eastern European investors
- Not a "tax-haven" jurisdiction
- Extensive double tax treaties
- Common Law system
- Low tax rate
- Shelf companies available
- Resident office not required
- Choice of corporate vehicles
CYPRUS
General |
Type of entity |
IBC |
Type of law |
Common |
Shelf companies available |
Yes |
Our time to establish a new company |
3 days |
Minimum government fee |
Not applicable |
Corporate taxation |
10% |
Double tax treaty access |
Yes, multiple treaties. |
Share capital or equivalent |
Standard currency of share capital |
Cyprus Pound |
Permitted Currencies of Capital |
No restriction. |
Minimum paid up share capital |
CYP 5,000 |
Usual Authorised Share Capital |
CYP 5,000 |
Directors or Managers |
Minimum Number of Directors/Managers |
One |
Local Directors Required/Permitted |
No, but advisable for purposes of tax residency |
Government Register/Public Record of Directors/Managers |
Yes |
Location of Directors/Managers Meetings |
No restriction, but Cyprus advisable for purposes of tax residency |
Members |
Minimum Number of Shareholders/Members |
One |
Government Register/Public Record of Shareholders/Members |
Yes |
Location of Members Meetings |
No restriction. |
Company Secretary |
Company secretary required |
Yes |
Company secretary, local or qualified |
No, but Cyprus advisable for residency. |
Accounts |
Requirement to prepare accounts |
Yes |
Audit requirements |
Yes |
Requirement to file accounts |
Yes |
Publicly accessible accounts |
No |
Other |
Requirement to file annual return |
Yes |
Change in Domicile Permitted |
No |
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ISLE OF MAN
Calmanx started life in the Isle of Man which has a long and proud history as an independent state. The Island boasts the world's oldest surviving parliamentary system. It is a highly rated jurisdiction amongst professionals, having been awarded "Best Offshore Financial Services Centre" in 2006 at the recent International Money Marketing annual awards. The Isle of Man benefits from an agreement that allows Isle of Man companies to be VAT Registered, and is considered an excellent gateway into Europe for trading and holding companies.
- Well developed infrastructure and e-business opportunities.
- Highly respected jurisdiction with effective regulation.
- No stamp duty, estate duty or capital gains tax.
- Shelf companies available.
- No exchange controls.
- Good structure for trading companies due to VAT Registration.
- Excellent supporting infrastructure of banks, accountants, and lawyers.

ISLE OF MAN
General |
Type of entity |
LLC |
PrivateLimited |
Type of law |
Common |
Common |
Shelf companies available |
Yes |
Yes |
Our time to establish a new
company |
1 day |
1 day |
Minimum government fee |
GBP475 |
GBP250 |
Corporate taxation |
Transparant |
0-10% |
Double tax treaty access |
No |
UK only |
Share
capital or equivalent |
Standard currency of share
capital |
None |
GBP |
Permitted Currencies of Capital |
Not applicable |
No restrictions. |
Minimum paid up share capital |
Not applicable |
GBP1 |
Usual Authorised Share Capital |
Not applicable |
GBP2,000 |
Directors
or Managers |
Minimum Number of Directors/Managers |
One |
Two |
Local Directors Required/Permitted |
No |
No |
Government Register/Public
Record of Directors/Managers |
Yes |
Yes |
Location of Directors/Managers
Meetings |
No restrictions |
No restrictions |
Members |
Minimum Number of Shareholders/Members |
Two |
One |
Government Register/Public
Record of Shareholders/Members |
Yes |
Yes |
Location of Members Meetings |
No restrictions |
No restrictions |
Company
Secretary |
Company secretary required |
Not applicable |
Yes |
Accounts |
Requirement to prepare accounts |
Yes |
Yes |
Audit requirements |
No |
Yes but some exemptions. |
Requirement to file accounts |
No, but must be available for
inspection in the Isle of Man |
Yes |
Publicly accessible accounts |
No |
No |
Other |
Requirement to file annual
return |
Yes |
Yes |
Change in Domicile Permitted |
Yes |
Yes |
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UNITED KINGDOM
Perceptions of the United Kingdom do not sit well with the concept of tax efficiency, however, there are a good few structures worth examination by the offshore investor looking to make his investments more tax efficient. The UK's tax structuring can be very attractive, compared with that, say, of mainland Europe. It has a very substantial number of double taxation treaties to call upon and the fact that it is not recognized as a tax haven can have significant advantages when considering the UK as a gateway into Europe.
- Not perceived as a tax haven.
- Low taxation compared to rest of Europe.
- Choice of corporate structure.
- Shelf companies available.
- No minimum capital requirement.
- No restrictions on meeting locations.
- No exchange controls.
- On line document filing for speed and efficiency

UNITED KINGDOM
General |
Type of entity |
Private, Limited |
Type of law |
Common |
Shelf companies available |
Yes |
Our time to establish a new company |
1-2 days |
Minimum government fee |
Not applicable |
Corporate taxation |
19% to 30% |
Double tax treaty access |
Yes |
Share capital or equivalent |
Standard currency of share capital |
GBP |
Permitted Currencies of Capital |
No restrictions. |
Minimum paid up share capital |
GBP1 |
Usual Authorised Share Capital |
GBP1,000 |
Directors or Managers |
Minimum Number of Directors/Managers |
One |
Local Directors Required/Permitted |
No |
Government Register/Public Record of Directors/Managers |
Yes |
Location of Directors/Managers Meetings |
No restrictions. |
Members |
Minimum Number of Shareholders/Members |
One |
Government Register/Public Record of Shareholders/Members |
Yes |
Location of Members Meetings |
No restrictions. |
Company Secretary |
Company secretary required |
Yes |
Company secretary, local or qualified |
No |
Accounts |
Requirement to prepare accounts |
Yes |
Audit requirements |
Yes, but small company exemption |
Requirement to file accounts |
Yes |
Publicly accessible accounts |
Yes |
Other |
Requirement to file annual return |
Yes |
Change in Domicile Permitted |
Yes, but subject to approval of Inland Revenue |
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GIBRALTAR
As a dependent (but self-governing) territory of the UK, Gibraltar entered the EU at the same time as the UK. However, it is not part of the EU's Vat or other external tariff systems. Gibraltar has been trading as an offshore centre since the introduction of the Companies (Taxation and Concessions) Ordinance in 1967, which enacted a preferential tax regime for international business. It was one of the first British dependent territories to implement an offshore tax-exemption regime.
- Choice of corporate vehicles
- Common Law system
- English and Spanish speaking territory
- Very cost-effective
- Tax exemption permitted
- No exchange controls
- Shelf companies available

GIBRALTAR
General |
Type of entity |
Exempt |
Type of law |
Common |
Shelf companies available |
Yes |
Our time to establish a new company |
5 days |
Minimum government fee |
£450 |
Corporate taxation |
No |
Double tax treaty access |
No |
Share capital or equivalent |
Standard currency of share capital |
GBP |
Permitted Currencies of Capital |
No restrictions. |
Minimum paid up share capital |
GBP100 |
Usual Authorised Share Capital |
GBP2,000 |
Directors or Managers |
Minimum Number of Directors/Managers |
One |
Local Directors Required/Permitted |
No - if local secretary |
Government Register/Public Record of Directors/Managers |
Yes |
Location of Directors/Managers Meetings |
No restrictions. |
Members |
Minimum Number of Shareholders/Members |
One |
Government Register/Public Record of Shareholders/Members |
Yes |
Location of Members Meetings |
No restrictions. |
Company Secretary |
Company secretary required |
Yes |
Company secretary, local or qualified |
No |
Accounts |
Requirement to prepare accounts |
Yes |
Audit requirements |
Yes, but small company exceptions |
Requirement to file accounts |
Yes, but small company exceptions |
Publicly accessible accounts |
Yes, but small company exceptions |
Other |
Requirement to file annual return |
Yes |
Change in Domicile Permitted |
Yes |
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SEYCHELLES
Legislation in the Seychelles is based on the Bahamian model and as such the jurisdiction offers user friendly incorporation and ongoing management. The Seychelles are an excellent investment base for investors between Europe and the Far East, being between these time zones, and have the benefit of a multi-lingual population, with English and French as the two business languages. The Seychelles main interest for investors is in its shipping registry and in the use of its International Trade Zone, set up to attract import-export business.
- Not commonly perceived as a tax haven
- Migration of companies permitted
- No need to report changes in structure to Registrar
- Hybrid legal system
- Zero taxation
- No disclosure of beneficial owners
- Highly flexible modern legislation

SEYCHELLES
General |
Type of entity |
IBC |
Type of law |
Hybrid |
Shelf companies available |
Yes |
Our time to establish a new company |
3 days |
Minimum government fee |
USD100 |
Corporate taxation |
Nil |
Double tax treaty access |
No |
| Share capital or equivalent |
Standard currency of share capital |
USD |
Permitted Currencies of Capital |
No restrictions. |
Minimum paid up share capital |
USD1 |
Usual Authorised Share Capital |
USD100,000 |
Directors or Managers |
Minimum Number of Directors/Managers |
One |
Local Directors Required/Permitted |
No |
Government Register/Public Record of Directors/Managers |
No |
Location of Directors/Managers Meetings |
No restrictions. |
Members |
Minimum Number of Shareholders/Members |
One |
Government Register/Public Record of Shareholders/Members |
No |
Location of Members Meetings |
No restrictions. |
Company Secretary |
Company secretary required |
No |
Company secretary, local or qualified |
No |
Accounts |
Requirement to prepare accounts |
Yes |
Audit requirements |
No |
Requirement to file accounts |
No |
Publicly accessible accounts |
No |
Other |
Requirement to file annual return |
No |
Change in Domicile Permitted |
Yes |
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CAYMAN ISLANDS
The Cayman Islands is the site of the world’s largest offshore banking centre. It is a well established jurisdiction operating as an offshore centre since shortly after becoming a British Dependent Territory in 1972 - before that they had been a British Crown Colony since 1655.
- Long-established and well-respected jurisdiction
- No exchange controls
- Zero taxation
- Strong supporting infrastructure of banks, lawyers and accountants
- Choice of corporate structures
- User friendly, modern legislation
- No minimum capital requirements
- Speedy incorporation

CAYMAN ISLANDS
General |
Type of entity |
Exempt |
Type of law |
Common |
Shelf companies available |
Yes |
Our time to establish a new company |
5 days |
Minimum government fee |
USD610 |
Corporate taxation |
Nil |
Double tax treaty access |
No |
Share capital or equivalent |
Standard currency of share capital |
USD |
Permitted Currencies of Capital |
No restrictions. |
Minimum paid up share capital |
USD1 |
Usual Authorised Share Capital |
USD50,000 |
Directors or Managers |
Minimum Number of Directors/Managers |
One |
Local Directors Required/Permitted |
No |
Government Register/Public Record of Directors/Managers |
No |
Location of Directors/Managers Meetings |
No restrictions. |
Members |
Minimum Number of Shareholders/Members |
One |
Government Register/Public Record of Shareholders/Members |
No |
Location of Members Meetings |
No restrictions. |
Company Secretary |
Company secretary required |
No |
Company secretary, local or qualified |
No |
Accounts |
Requirement to prepare accounts |
Yes |
Audit requirements |
No |
Requirement to file accounts |
No |
Publicly accessible accounts |
No |
Other |
Requirement to file annual return |
Yes |
Change in Domicile Permitted |
Yes |
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