Background The British Virgin Islands (BVI), officially the “Virgin Islands” is a British Overseas Territory located in the Caribbean to the east of Puerto Rico having a total of land area of approximate 150 sq. km.  Road Town, located on Tortola, is the capital of the BVI.  The BVI gained autonomy and became self-governing in 1967 and is a member of the British Commonwealth. Seychelles, officially the “Republic of Seychelles” is an independent republic within the British Commonwealth since 1976 and comprises approximately 115 islands in the Indian Ocean with a total of land area of approximate 459 sq. km.  Victoria, lies south-east of mainland East Africa, is the capital of Seychelles. ​The Cayman Islands (CI), is a British Overseas Territory in the western Caribbean Sea having a total of land area of approximate 264 sq. km.  CI comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, located south of Cuba and northwest of Jamaica.  CI are a major world offshore financial haven offering a well-developed banking infrastructure and having the strong overall compliance culture. ​Features comparision for offshore companies in BVI, Seychelles and CI:    Corporate features Jurisdiction BVI Seychelles Cayman Islands General Type of company BC Seychelles IBC Exempted Political stability Good Good Good Type of Law Common law Civil law and Common law Common law Principal corporate legislation The BVI Business Companies Act, 2004 (former Act: The International Business Companies Act, 1984) The International Business Companies Act, 1994 Companies Law Cap.22, and its modification and amendments from time to time Corporate tax on offshore profits Nil Nil Nil         Change in domicile permitted Yes Yes Yes Language of Name Latin Alphabet (i.e. English), Chinese name could be registered as additional Latin Alphabet (i.e. English) or French or any other language with translation of English or French Latin Alphabet (i.e. English), Arabic or Chinese name could be registered Corporate requirements Standard authorized share capital 50,000 shares 100,000 shares 50,000 shares Minimum issued and paid up capital USD1 USD1 USD1 Permitted currency Any Any Any Minimum number of shareholder One One One Minimum number of director One One One Corporate director permitted Yes Yes Yes Corporate shareholder permitted Yes Yes Yes Company Secretary required Optional Optional Optional Beneficial owner information Yes, must to Registered Agent, but not to public No, just to your services provider firm only, and surely not to public Yes, must to Registered Agent, but not to public Publicly accessible directors and shareholders information No No No Local requirements Registered Agent and Office Yes Yes Yes Local director No No No Local shareholder No No No Local directors / shareholders meetings No No No Register of Shareholders Yes, being kept in Registered Office Yes, being kept in registered office Yes, being kept in Registered Office Register of Directors Yes, have to be filed with the BVI Registry Yes, being kept in registered office Yes, being kept in Registered Office and have to be filed with the CI Registry Annual requirements Annual Return No No Yes, at filing fee of USD250 Annual Meeting No No No Filing Annual Audited Accounts No No No

British Virgin Islands British Virgin Islands Cayman Islands Cayman Islands Seychelles Seychelles