Summary of Main Incentives

IBC'S

Insurance
Company

Bank
Trust
Mutual Fund

 
 Taxation*

 Withholding Tax

 Licence required

 Exchange Controls

 Required to file  Financial  Statements

 Finanical statements  open  to public scrutiny

 Local director required


Nil

Nil

**

None


No


No

No


Nil

Nil

Yes

None


Yes


No

Yes


Nil

Nil

Yes

None


Yes


No

Yes


Nil

Nil

Yes

None


No


No

No


Nil

Nil

Yes

None


Yes


No

No

* Election to pay 1% tax may be made **Annual registration.