General information:
• Language, English
• Incomes earned in foreign countries are not taxable.
• Existing, identical or similar names can’t be used. Neither can offensive words
• or terms be used. Types of organizations and their abbreviations used (Limited, Corporation, Incorporated.). Some names may require official translation. License and/or official approval may be required in order to use the names of banks, insurance companies, investment funds, fiduciary organizations, or their equivalents.
• Annual meetings are not required.
• A resident agent is required.
Capital
• No minimum authorized capital is required.
Shareholders
• Corporation shareholders are permitted.
• Common stock and without nominal value is also permitted.
Directors
• Only one director is necessary and he has to be of age
• Corporation directors are permitted.