Thinking of using Hong Kong as an offshore jurisdiction?

Posted in Banking Secrecy, Offshore Business by Admin on August 8th, 2007

by Ronald Edwards

Think Again! Read below for a comparison.

This is a jurisdiction that may have a few small features regarding taxation but when it comes to privacy it is most deficient.

One disadvantage of Hong Kong companies is that annual financial statements must be prepared, audited and presented to the Government to prove that the company did no business in Hong Kong and therefore owes no taxes. Such statements must be presented within 18 months of the date of incorporation. This is our opinion is grounds for finding a friendlier jurisdiction. Read the rest of this entry »

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How To Find Safe Offshore Banking You’ll Be Happy With.

Posted in Banking Secrecy by Admin on August 8th, 2007

by T. O’ Donnell

You might want an offshore bank account in order to:

  • Expand your business;
  • Minimise your taxation;
  • Simplify business administration;
  • Asset protection;
  • Estate planning;
  • Financial anonymity;
  • Tax-free investing.

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Jurisdictions to avoid - The Cook Islands

Posted in Banking Secrecy by Admin on August 8th, 2007

by Smythe Bradley

The Cook Islands is another example of a has been jurisdiction that over time has compromised their secrecy and privacy laws to make the jurisdiction no longer a valid offshore jurisdiction. Read the rest of this entry »

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