Aspen Trust

General Information

• Type of Company - Limited Liability Optional (COOP)
• Legislation - Civil Law
• Company name - Non-English company names are allowed
• Time-scale for incorporation - 2 weeks
• Double tax treaties - with 79 countries
• Ready-made companies are available
• Money laundering legislation is in existence

Local Requirements

• Registered Office is required
• Company Secretary not required
• Public recording of shareholders and directors are NOT required
• Accounts are required to be prepared and audited for public filing (summary only)

Corporate Requirements

• Minimum number of shareholders - Two (2). Can be of any nationality or residency
• Minimum number of directors - One (1). Can be of any nationality or residency
• Minimum capital requirement - N/A
• Standard Authorised Capital - N/A

Annual Requirements

• Annual return and annual statutory meetings are required
• There is a requirement for audited accounts depending on the size of the company
• Taxation – Corporate tax is levied on worldwide income at a rate of 25.5%