Territory

Denomination

Price in CHF over

Bank account

Liechtenstein

Anstalt

13'000.--

Switzerland

Panama

LTD

5'000.--

Liechtenstein

Hong Kong

Hong Kong Trust

9'000.--

Liechtenstein

Hong Kong

Hong Kong Limited

8'000.--

Liechtenstein

Delaware

Delaware

5'000.--

Switzerland

Portugal

Madeira

35'000.--

Madeira

PANAMA

The standard authorised share capital is US$ 10,000 divided into 100 common voting shares of US$ 100 each or 500 common voting shares without par value; the capital may be expressed in any convertible currency. The minimum issued capital is either one share without par value or one share with par value. The following classes of shares are permitted: non-voting shares, preferred shares, bearer shares and registered shares. Bearer shares must be paid in full.
Taxation in Panama is strictly territorial. If the company's activities are run outside Panama, no tax will be levied other than a US $150 annual franchise tax. There is no requirement to file financial statements if income is from non-Panamanian sources.

Delaware

There are no requirements as to the minimum amount of authorised share capital. Bearer shares are not permitted.
Taxation in Delaware has the following features: there is no tax on turnover in Delaware. The only mandatory payment is that of the Franchise Tax and Filing Fee, which depends on the share capital (min US$30). Only a corporation whose business is officially conducted on US territory pays the American Federal Tax on Corporations. Non-resident Shareholders are exempted from Withholding Tax on dividends, including tax on inherited shares. There is no need to fill the SS-4 form.