Aspen Trust

General Information

• Type of Company -  Sociedad Anonima 
• Legislation – Civil Law 
• Company name – All names written with Latin alphabet are permitted
• Time-scale for incorporation - 3 to 5 days.
• Change in domicile is permitted
• Double tax treaties - none
• Shelf companies are available.
• Taxation on profits - none on foreign profits

Local Requirements

• Registered Office is not required
• Company Secretary is required
• Local or qualified secretary is not required
• Local directors are not required
• The location of meetings can be anywhere in the world
• Public recording of directors is required
• Public recording of shareholders  is not required

Corporate Requirements

• Minimum number of shareholders - One (1)
• Minimum number of directors/officers - Three (3)
• Minimum paid up share capital - None.
• Usual Authorised Capital - US$10,000 divided into 10,000 shares of USD1.00

Annual Requirements

• It is not a requirement to prepare and file accounts
• It is not required to have publicly accessible accounts
• There is no requirement for audited accounts
• It is not a requirement to file annual return
• The minimum government fees are USD300