Abu Dhabi Free Zone | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1 | 1 |
Ajman | No | Yes | No | Yes | Yes | Yes (9% on non qualifying income 0% on qualifying income) | No | Yes (on qualifying income) | No | No | Yes | Yes | Yes | Yes | Yes (9% on domestic rental income) | No | Cleared | 1 | 1 |
Anguilla | No | No | No | Yes | Yes | No | No | Yes | No | No (must maintain record of all transactions for past 5 years) | No | No | Yes | No | No (ibc´s cannot own or trade with any physical asset or person within anguilla) | No | Blacklisted | 1 | 1 |
Belize | No | No | No | Yes | Yes | Yes (1.75% if thresholds exceeded) | No | No | No | Yes | Yes (yes if earnings exceed 6m usd) | Yes | Yes | No | Yes (ibc´s cannot own or trade with any physical asset or person within belize) | No | Greylisted | 1 | 1 |
British Virgin Islands | No | No | No | Yes | Yes | No | No | Yes | No | No | No | Yes | Yes | No | No (ibc´s cannot own or trade with any physical asset or person in bvi) | No | Greylisted | 1 | 1 |
Cayman Islands | Yes | No | No | Yes | Yes | No | No | Yes | No | Yes | No | Yes | Yes | No | No (no (ibc´s cannot own or trade with any physical asset or person within cayman islands) ) | No | Cleared | 1 | 1 |
Cyprus | No | Yes | Yes | Yes | Yes | Yes (0% for holding companies) | Yes | Yes (ibc exempt from domestic taxation provided no domestic business carried out) | No | Yes | Yes | Yes | Yes | No | No (ibc´s cannot own or trade with any physical asset or person within cyprus) | Yes (can be held online) | Full Access | 1 | 1 |
Delaware | No | No | No | Yes | Yes | No | No | Yes | N/A | Yes | No | Yes | Yes | No | No (ibc´s cannot own or trade with any physical asset or person within delaware) | No | N/A | 1 | 1 |
Dubai (DIFC) | No | Yes | Yes (yes for financial institutions and large companies) | Yes | Yes | Yes (9% on non qualifying income 0% on qualifying income) | No | Yes | No | No | Yes (strict reporting requirements) | Yes | Yes | No | Yes (9% on rental income from within uae) | No | Cleared | 1 | 1 |
Hong Kong | No | Yes | Yes | Yes | Yes | No | Yes | Yes | No | N/A | Yes | Yes | Yes | No | No (ibc´s cannot own or trade with any physical asset or person within hong kong) | Yes (within 6 months of annual tax return) | Greylisted | 1 | 1 |
Jafza | No | Yes | Yes | Yes | Yes | Yes (9% on non qualifying income with 0% on qualifying income) | No | No | No | No | Yes (strict reporting requirements) | Yes | Yes | Yes | Yes (classed as non qualifying income) | Yes (must be held in the uae) | Cleared | 1 | 2 |
Labuan | No | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | N/A | Yes | Yes | Yes | No | No (ibc´s cannot own or trade with any physical asset or person within malaysia) | Yes | Cleared | 1 | 1 |
Marshall Islands | No | No | No | Yes | Yes | No | No | Yes | Yes | No (records must be kept for 5 years) | No | Yes | Yes | No | No (ibc´s cannot own or trade with any physical asset or person within marshall islands) | No | Blacklisted | 1 | 1 |
Mauritius | No | No | Yes | Yes | Yes | No | No | Yes | No | No | Yes | Yes | Yes | No | No (ibc´s cannot own or trade with any physical asset or person within mauritius) | No | Cleared | 1 | 1 |
Panama | No | Yes | No | Yes | Yes | No | Yes (directors only) | Yes (1 2% annual license tax (on company networth)) | No | Yes (must be held with registered agent for 5 years) | N/A | Yes | Yes | No | Yes (2% stamp duty) | No | Blacklisted | 1 | 3 |
Ras Al Khaimah (RAK) | No | Yes | No | Yes | Yes | Yes (9% on non qualifying income 0% on qualifying income) | No | No | No | No | Yes | Yes | Yes | Yes | Yes (9% on income generated) | No | Cleared | 1 | 1 |
Saint Kitts and Nevis | No | Yes | No | Yes | Yes | No | No | Yes | N/A | Yes (must be held with registered agent for 5 years) | No | Yes | Yes | No | No (ibc´s cannot own or trade with any physical asset or person within saint kitts & nevis) | No | Cleared | 1 | 1 |
Saint Lucia | No | No | No (unless ibc chooses to pay income tax) | Yes | Yes | Yes (optional) | No | Yes | No | N/A | Yes | Yes | Yes | No | No (ibc´s cannot own or trade with any physical asset or person within saint lucia) | No | Cleared | 1 | 1 |
Saint Vincent & The Grenadines | No | No | No | Yes | Yes | No | No | Yes | No | No (must keep records of transactions for 5 years.) | No | Yes | Yes | No | No (ibc´s cannot own or trade with any physical asset or person within saint vincent & grenadines) | No | Cleared | 1 | 1 |
Samoa | No | Yes | No | Yes | Yes | No | No | Yes | No | No (ibc must keep a record of transactions for 5 years) | No | Yes | Yes | No | No (ibc´s cannot own or trade with any physical asset or person within samoa) | No | Blacklisted | 1 | 1 |
Seychelles | No | No | No | Yes | Yes | No | No | Yes | No | Yes | No | Yes | Yes | No | No (ibc´s cannot own or trade with any physical asset or person within seychelles) | No | Greylisted | 1 | 1 |
Singapore | Yes | Yes | Yes | Yes | Yes | Yes (on domestic income only) | Yes | Yes (foreign income & purchase / sales of securities) | No | No | Yes | Yes | Yes | No | Yes (liable to stamp duty / gst & annual taxes for ownership) | Yes (must be held in singapore to maintain tax residency) | Cleared | 1 | 2 |
The Bahamas | No | No | No | Yes | Yes | Yes (0.25% 1.25%) | Yes | No | Yes | No | Yes | Yes | Yes | No | No (no (ibc´s cannot own or trade with any physical asset or person within the bahamas) ) | Yes | Cleared | 1 | 1 |