Hong Kong Companies (HK) Business Company of British Virgin Islands (BVI) Cayman Islands Anguilla, B.W.I. Others Cayman Islands Formation of a BVI company takes 3 days No minimum requirement for registered capital. They can be denominated in any currency. Shares can be issued with or without par value. Bearer share is allowed. There should be at least one director, corporate director is allowed. Complete exemption from tax outside the BVI territories. But they have to observe rules in the countries where they operate. No need to file annual return or financial accounts with BVI Authorities. No need to held annual general meetings. Information required for formation of a Cayman Islands company : Directors' names, address, Hong Kong identity card or passport copy and address proof Beneficiary owners' names, address, Hong Kong identity card or passport copy and address proof Number of shares held by each beneficiary owner Location of the first directors' meeting Chairman of the board