Posted in Offshore Business, Offshore Fund Setup, Offshore Incorporation by Admin on August 14th, 2007
Most offshore jurisdictions are free from foreign exchange controls and have tax-free and simple company legislation to cater for a diverse range of international business requirements. The most common reasons that businesses and high-net worth individuals consider using an offshore company is for:
- Asset/Investment Protection
- Confidentiality & Financial Privacy
- Reducing Tax Liability (personal or corporate)
- Estate Planning
Read the rest of this entry »
1 Comment »
Posted in Offshore Business, Offshore Incorporation, Offshore Trusts by Admin on August 13th, 2007
Most offshore jurisdictions are free from foreign exchange controls and have tax-free and simple company legislation to cater for a diverse range of international business requirements. The most common reasons that businesses and high-net worth individuals consider using an offshore company is for:
Asset Protection/Investment Portfolios
Offshore companies are widely used for asset protection, wealth management and to hold investment portfolios (stock, bonds, cash and a broad range of other investment products). They are also utilized for inheritance purposes, and to reduce probate expenses. Cash assets held by offshore companies earn deposit interest gross or can be placed in collective cash funds.
Read the rest of this entry »
No Comments »
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 »
No Comments »