GREAT BRITAIN - TURKS & CAICOS

Status:	Overseas Territory of the UK
Area, sq.km:	430
Population:	18 000 (2001 July)
Capital:	Cockburn Town
Business language:	English
Currency:	US Dollar (USD)
Location:	Caribbean Island to southeast of Bahamas
Time zone:	GMT - 5

INCORPORATION DATASHEET
Advantages:	20 years guaranteed tax exemption, Very quick formation procedure
Disadvantages:	-
Company status:	International Business Company
Corporate legislation source:	Companies Ordinance, 1991
Company name:	The names may be in any language and does not need to end with 'Limited'
Time required for incorporation:	3-5 weeks
Minimum number of directors:	1
Usual minimum capital:	No minimum
Are accounts required:	No
Minimum number of shareholders:	1
Type of shares:	Bearer or registered
Annual tax and duties:	300 USD
What information is available on the public file:	Registered office, registered agent, Memorandum & Articles of Association
Non-public information:	Directors, shareholders
Registered Office:	Local registered office is required by law
Registered Secretary/Agent:	Local registered agent is required by law

COMPULSORY COSTS (payable prior to incorporation)

FORMATION FEES
Incorporation fee:	400 USD
Notarial certification:	100 USD
International authentication (Apostille):	140 USD
Legal expenses, filing fees and stamp duties:	150 USD
Issuing of share certificates and initial minutes and forms:	100 USD
Corporate seal:	50 USD
Courier fees:	50 USD
Subtotal:	990 USD
ANNUAL FEES *
Registered office and registered agent:	990 USD
Annual tax and duties:	300 USD
Subtotal:	1290 USD
Total:	2280 USD

* The annual fees for the first year of the company's existence are payable prior to incorporation. Subsequently the amount of 1290 USD is payable annually beginning from the 1st of January of next year. Non-payment of the annual fees results in deletion from the Companies Registry.

The amount of 2280 USD includes the following services: formation of the company, duties payable to the local authorities for the incorporation of the company, Certificate of Incorporation with Apostille, provision of Memorandum Articles of Association authenticated by Registrar, Appointment of First Directors with Notary Public authentication, Share Certificates, initial minutes, provision of registered office and registered agent for 1 year, annual tax for the 1st year, two company seals, luxury leather corporate kit, courier delivery to Laveco office. The price contains no hidden costs!

OPTIONAL COSTS
Nominee Director (private person):	{#Turks & Caicos - Nominee director - private person#}
Nominee Director (corporate body):	{#Turks & Caicos - Nominee director - corporate body#}
Nominee Shareholder:	{#Turks & Caicos - nominee shareholder#}
Power of Attorney:	{#Turks & Caicos - PoA#}
Notarial Certification:	{#Turks & Caicos - Notarial certification#}
Certificate of Good Standing:	{#Turks & Caicos - GS#}