The main advantages are: (a) total absence or minimum levels of taxation; (b) confidentiality, due to no sensitive personal information available on public file; (c) protection, due to secrecy provisions enshrined in law and absence of international information-sharing agreements; (d) corporate flexibility: no paid-up capital requirements, no requirement to state operational objects, minimum conditions on directors and shareholders, fast incorporation, etc; (e) ease of management – shareholders’ meetings can be held anywhere, including by electronic means, flexible decision making process (f) minimum reporting – no audits, no tax reports, no financial information for public file.