All companies must keep accounting records and prepare annual accounts. Where a company is a public company; or the articles of the company so require; or a resolution of the company in general meeting so directs, then that company must appoint auditors to audit its annual accounts.

A public company must deliver to the Registrar of Companies a copy of its audited annual accounts. A private company which is an ordinary company (i.e., a company which is not an International company) must deliver to the Registrar of Companies either a copy of its audited annual accounts or a certificate of solvency.

Registration and annual filing fees for companies are as follows: -

• Ordinary private company - USD $100
• International private company - USD $200
• Ordinary public company - USD $300