Offshore jurisdictions

Queries Bahamas Belize Panama British Virgin Islands Is it necessary to disclose the actual owner of the company to the state authoroties? No No No No Any other required information about the actual owner? No No No No What information should there be at disposal of registered agent of the company? Register of directors and officials. Minutes, impression of corporate seal Founder documents, register of directors and shareholders Not expressly stipulated in the law Data about the company in accordance with the foundation documents In what cases the registered agent is obligated to disclose information about the actual owner of the company? Upon resolution of the Supreme Court Upon resolution of court Upon request of the prosecutor in the matters related to drugs and money laundering Upon resolution of court Is it necessary to disclose the name of actual owner of the company upon opening of a bank account? Yes Yes No Not expressly provided for by the law, depends on policy of the bank How do authorities treat the requests of foreign law enforcement bodies for cooperation in detection of avoidance from tax payment? Information may only be disclosed in case of criminal offences. Avoidance from tax payment is not treated as criminal offence Cooperation is available for investigation of crimes related to money laundering. Avoidance from tax payment is not treated as this kind of criminal offence Information won’t be provided Information won’t be provided for investigation of avoidance from taxes

Tax-exempted jurisdictions

Queries Cyprus UK Ireland Switzerland Is it necessary to disclose the actual owner of the company to the state authoroties? Yes, to the Central Bank of Cyprus, but no, to the Company Register Yes Yes, according to law, practically not necessary No Any other required information about the actual owner? Bank and professional recommendations No No No What information should there be at disposal of registered agent of the company? Data about the actual owner, directors, secretaries, incorporation documents Accounting forms, secretaries’ and incorporation documents Names and addresses of directors, secretaries, shareholders Not expressly stipulated, as a rule, the agent requires disclosure of the name of actual owner In what cases the registered agent is obligated to disclose information about the actual owner of the company? Upon resolution of the court Upon resolution of the court Upon resolution of the court Not expressly stipulated Is it necessary to disclose the name of actual owner of the company upon opening of a bank account? Yes Yes Yes Yes How do authorities treat the requests of foreign law enforcement bodies for cooperation in detection of avoidance from tax payment? Information shall be disclosed upon request of the states parties to international treaties, in accordance with provisions of the treaty and legislation of Cyprus Information will be provided Each request is subject to existence of resolution of the Ireland court. Information shall be most likely disclosed upon request originating from the states parties to international treaties No information is provided for investigation of avoidance from tax payment