-
What is Offshore Finance?
Tax havens make significant income from fees paid by people and companies who create and use shell companies. Tax havens create work for lawyers, accountants and secretaries. Mauritius, for example, has said 5,000 people would lose jobs if the country stopped being a tax haven. Here is an Explained on what tax havens are, and how offshore finance works.
#TaxHaven #ShellCompanies #Offshore #TaxEvasion #PanamaPapers
Subscribe to Indian Express: http://goo.gl/RjJrX0
The Indian Express Online covers all trending and latest news across India, which includes daily news, political news, gadgets and Mobile reviews, technology updates, Entertainment News, Bollywood news, public opinions and views on daily trends.
#News #IndiaNews #EnglishNews #LatestNews
Connect with us:
Facebook: https://www.fa...
published: 20 Oct 2021
-
Lenders take GOL Offshore to court over loans repayment
GOL Offshore Ltd, earlier known as Great Offshore Ltd, has been taken to court by some of its lenders over non-payment of loans, even as the company plans to sell some of its assets to meet repayment obligations.
Read more at: http://www.livemint.com/Companies/NZ0bgmXuPObgOYpec8ynGO/Lenders-take-GOL-Offshore-to-court-over-nonpayment-of-loans.html?utm_source=copy
published: 20 Jan 2015
-
Is This The Best Offshore Structure?
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://calendly.com/michael-rosmer?month=2021-03
You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com
What is the best offshore structure?
If you want to legally lower your taxes where in the world is best to set up a company? How about your personal residency?
Is there one strategy that is applicable to most cases - the best offshore strategy?
The question is no!
There is no ''one size fits all'' in the world of corporate structuring. Even though there are many known tax havens it doesn't mean they are all good for you - or any of them for that matter.
So what is the best solution for you? The answer to this quest...
published: 28 Jun 2022
-
Lenders push for sale of Great Offshore Ltd's assets
Creditors of GOL Offshore Ltd. are pushing for sale of assets pledged as collateral to recover money owed by the cash strapped company, which had Rs. 2,179 crore of debt as of August 2014.
published: 15 Sep 2014
-
The Pandora Papers: How the world of offshore finance is still flourishing | Four Corners
In a major international investigation, Four Corners reveals the secrets of the Pandora Papers.
Subscribe: https://www.youtube.com/c/abcnewsindepth
For months, more than 600 journalists from around the world, including the ABC, the Washington Post and the BBC, have been working with the International Consortium of Investigative Journalists on this top-secret investigation.
One of the biggest data leaks in history, the papers reveal how the wealthy and powerful are continuing to use offshore tax havens to hide their ownership of assets and stash their cash - despite attempts to rein the industry in.
_________
Watch more Four Corners investigations here: https://bit.ly/2JbpMkf
You can also like us on Facebook: https://www.facebook.com/abc4corners/
Follow us on Twitter: https://twitte...
published: 04 Oct 2021
-
Where should British Residents form an Offshore Company?
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://clarity.fm/michaelrosmer
You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com
What is the best place for British citizens/residents to form an offshore company?
This is going to be very useful at the moment because the UK just announced that they're rising their corporate tax rates.
The UK has a particular set of rules that can be very useful. There are two challenging areas to be careful about. What should you look at and what should you consider if you're a Brit looking to form a company abroad? Today we are going to cover all of that.
The number one thing to look at is corporate residency rules. This is rel...
published: 13 Mar 2021
-
Investment in Offshore Oil & Gas vs Windfarms
Marine Money Offshore Energy Finance Forum
Tuesday 25th April 2023
Singapore
Moderator: Ali Susanto, Managing Director & Head of Singapore,
Braemar Corporate Finance
Panel
Thomas Tan, Executive Chairman & CEO, Kim Heng
Arnold Chan, CFO, Miclyn Express Offshore
Elias Sakellis, Chief Investment Officer, Borealis Maritime &
Chief Executive Officer, Australis Maritime
published: 02 May 2023
-
Getting ready to seize opportunities in a resurgent offshore market
With the offshore oil and gas sector roaring back after a prolonged downturn, a number of OSV companies are “getting their house in order” to take advantage of the upturn, says Eleanor Martin, partner at Norton Rose Fulbright.
“They have had to go through difficult times, restructuring of balance sheets, really to come at it and be at the point in the market now where they can really seize those opportunities,” said Ms Martin.
Norton Rose Fulbright has supported clients with Chapter 11 restructurings, some of which have been extremely complex. One recent example is UK-based Altera Infrastructure, which emerged from Chapter 11 bankruptcy protection in January. A leading international midstream services provider to the oil and gas industry, Altera Infrastructure supplies critical infrastruct...
published: 01 Mar 2023
-
Linetrust Offshore Ltd
published: 19 Jul 2017
-
5 Reasons to Form an Offshore Company in Hong Kong
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://clarity.fm/michaelrosmer
You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com
In the previous video, we covered the topic of why you wouldn't want to form a company in Hong Kong. Today we are doing exactly the opposite. We are giving you 5 reasons to form an Offshore Company in this jurisdiction.
Today we are talking about the pros of Hong Kong.
First of all, it's easy, cheap, and quick. In many places they require lots of legal documents, they require the power of attorney, etc. All of this makes the process more complicated and it drags on. Luckily, this is not the case in Hong Kong.
The second reason why y...
published: 15 Jan 2021
5:42
What is Offshore Finance?
Tax havens make significant income from fees paid by people and companies who create and use shell companies. Tax havens create work for lawyers, accountants an...
Tax havens make significant income from fees paid by people and companies who create and use shell companies. Tax havens create work for lawyers, accountants and secretaries. Mauritius, for example, has said 5,000 people would lose jobs if the country stopped being a tax haven. Here is an Explained on what tax havens are, and how offshore finance works.
#TaxHaven #ShellCompanies #Offshore #TaxEvasion #PanamaPapers
Subscribe to Indian Express: http://goo.gl/RjJrX0
The Indian Express Online covers all trending and latest news across India, which includes daily news, political news, gadgets and Mobile reviews, technology updates, Entertainment News, Bollywood news, public opinions and views on daily trends.
#News #IndiaNews #EnglishNews #LatestNews
Connect with us:
Facebook: https://www.facebook.com/indianexpress
Twitter: https://twitter.com/indianexpress
Indian Express App: http://indianexpress.com/apps/
Official Website: https://indianexpress.com/ Indian Express, The Indian Express Newspaper, The Indian Express, Indian express news, indian express editorial Today's Indian Express newspaper offers a comprehensive package of news, including Indian Express editorial analysis and Indian Express analysis today. This well-respected publication covers a wide range of topics in its India Express editorial and Indian Express news sections. Stay informed with the Indian Express newspaper today.
https://wn.com/What_Is_Offshore_Finance
Tax havens make significant income from fees paid by people and companies who create and use shell companies. Tax havens create work for lawyers, accountants and secretaries. Mauritius, for example, has said 5,000 people would lose jobs if the country stopped being a tax haven. Here is an Explained on what tax havens are, and how offshore finance works.
#TaxHaven #ShellCompanies #Offshore #TaxEvasion #PanamaPapers
Subscribe to Indian Express: http://goo.gl/RjJrX0
The Indian Express Online covers all trending and latest news across India, which includes daily news, political news, gadgets and Mobile reviews, technology updates, Entertainment News, Bollywood news, public opinions and views on daily trends.
#News #IndiaNews #EnglishNews #LatestNews
Connect with us:
Facebook: https://www.facebook.com/indianexpress
Twitter: https://twitter.com/indianexpress
Indian Express App: http://indianexpress.com/apps/
Official Website: https://indianexpress.com/ Indian Express, The Indian Express Newspaper, The Indian Express, Indian express news, indian express editorial Today's Indian Express newspaper offers a comprehensive package of news, including Indian Express editorial analysis and Indian Express analysis today. This well-respected publication covers a wide range of topics in its India Express editorial and Indian Express news sections. Stay informed with the Indian Express newspaper today.
- published: 20 Oct 2021
- views: 5967
1:48
Lenders take GOL Offshore to court over loans repayment
GOL Offshore Ltd, earlier known as Great Offshore Ltd, has been taken to court by some of its lenders over non-payment of loans, even as the company plans to se...
GOL Offshore Ltd, earlier known as Great Offshore Ltd, has been taken to court by some of its lenders over non-payment of loans, even as the company plans to sell some of its assets to meet repayment obligations.
Read more at: http://www.livemint.com/Companies/NZ0bgmXuPObgOYpec8ynGO/Lenders-take-GOL-Offshore-to-court-over-nonpayment-of-loans.html?utm_source=copy
https://wn.com/Lenders_Take_Gol_Offshore_To_Court_Over_Loans_Repayment
GOL Offshore Ltd, earlier known as Great Offshore Ltd, has been taken to court by some of its lenders over non-payment of loans, even as the company plans to sell some of its assets to meet repayment obligations.
Read more at: http://www.livemint.com/Companies/NZ0bgmXuPObgOYpec8ynGO/Lenders-take-GOL-Offshore-to-court-over-nonpayment-of-loans.html?utm_source=copy
- published: 20 Jan 2015
- views: 1057
9:55
Is This The Best Offshore Structure?
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://calendly.com/michael-rosmer?month=2021-03
You can v...
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://calendly.com/michael-rosmer?month=2021-03
You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com
What is the best offshore structure?
If you want to legally lower your taxes where in the world is best to set up a company? How about your personal residency?
Is there one strategy that is applicable to most cases - the best offshore strategy?
The question is no!
There is no ''one size fits all'' in the world of corporate structuring. Even though there are many known tax havens it doesn't mean they are all good for you - or any of them for that matter.
So what is the best solution for you? The answer to this question will depend on your circumstances, and only once these are studied in detail we can give you a comprehensive and effective offshore strategy, that is tailored to fit your needs, and the needs of your business.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
Feel free to join our community!
Don’t forget to subscribe to our channel
https://www.youtube.com/channel/UCZDToCpuHc4kEHDurkQpVPg?sub_confirmation=1
https://wn.com/Is_This_The_Best_Offshore_Structure
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://calendly.com/michael-rosmer?month=2021-03
You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com
What is the best offshore structure?
If you want to legally lower your taxes where in the world is best to set up a company? How about your personal residency?
Is there one strategy that is applicable to most cases - the best offshore strategy?
The question is no!
There is no ''one size fits all'' in the world of corporate structuring. Even though there are many known tax havens it doesn't mean they are all good for you - or any of them for that matter.
So what is the best solution for you? The answer to this question will depend on your circumstances, and only once these are studied in detail we can give you a comprehensive and effective offshore strategy, that is tailored to fit your needs, and the needs of your business.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
Feel free to join our community!
Don’t forget to subscribe to our channel
https://www.youtube.com/channel/UCZDToCpuHc4kEHDurkQpVPg?sub_confirmation=1
- published: 28 Jun 2022
- views: 10174
1:46
Lenders push for sale of Great Offshore Ltd's assets
Creditors of GOL Offshore Ltd. are pushing for sale of assets pledged as collateral to recover money owed by the cash strapped company, which had Rs. 2,179 cror...
Creditors of GOL Offshore Ltd. are pushing for sale of assets pledged as collateral to recover money owed by the cash strapped company, which had Rs. 2,179 crore of debt as of August 2014.
https://wn.com/Lenders_Push_For_Sale_Of_Great_Offshore_Ltd's_Assets
Creditors of GOL Offshore Ltd. are pushing for sale of assets pledged as collateral to recover money owed by the cash strapped company, which had Rs. 2,179 crore of debt as of August 2014.
- published: 15 Sep 2014
- views: 690
42:34
The Pandora Papers: How the world of offshore finance is still flourishing | Four Corners
In a major international investigation, Four Corners reveals the secrets of the Pandora Papers.
Subscribe: https://www.youtube.com/c/abcnewsindepth
For months, ...
In a major international investigation, Four Corners reveals the secrets of the Pandora Papers.
Subscribe: https://www.youtube.com/c/abcnewsindepth
For months, more than 600 journalists from around the world, including the ABC, the Washington Post and the BBC, have been working with the International Consortium of Investigative Journalists on this top-secret investigation.
One of the biggest data leaks in history, the papers reveal how the wealthy and powerful are continuing to use offshore tax havens to hide their ownership of assets and stash their cash - despite attempts to rein the industry in.
_________
Watch more Four Corners investigations here: https://bit.ly/2JbpMkf
You can also like us on Facebook: https://www.facebook.com/abc4corners/
Follow us on Twitter: https://twitter.com/4corners
And sign up for our newsletter: https://www.abc.net.au/4corners/newsletter/
__________
https://wn.com/The_Pandora_Papers_How_The_World_Of_Offshore_Finance_Is_Still_Flourishing_|_Four_Corners
In a major international investigation, Four Corners reveals the secrets of the Pandora Papers.
Subscribe: https://www.youtube.com/c/abcnewsindepth
For months, more than 600 journalists from around the world, including the ABC, the Washington Post and the BBC, have been working with the International Consortium of Investigative Journalists on this top-secret investigation.
One of the biggest data leaks in history, the papers reveal how the wealthy and powerful are continuing to use offshore tax havens to hide their ownership of assets and stash their cash - despite attempts to rein the industry in.
_________
Watch more Four Corners investigations here: https://bit.ly/2JbpMkf
You can also like us on Facebook: https://www.facebook.com/abc4corners/
Follow us on Twitter: https://twitter.com/4corners
And sign up for our newsletter: https://www.abc.net.au/4corners/newsletter/
__________
- published: 04 Oct 2021
- views: 3387005
10:57
Where should British Residents form an Offshore Company?
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://clarity.fm/michaelrosmer
You can visit our websites ...
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://clarity.fm/michaelrosmer
You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com
What is the best place for British citizens/residents to form an offshore company?
This is going to be very useful at the moment because the UK just announced that they're rising their corporate tax rates.
The UK has a particular set of rules that can be very useful. There are two challenging areas to be careful about. What should you look at and what should you consider if you're a Brit looking to form a company abroad? Today we are going to cover all of that.
The number one thing to look at is corporate residency rules. This is related to management and control standards. By default, if the company is registered in the UK it will be a tax resident of the UK, in certain cases, this can be overwritten by a tax treaty. Also if your company is managed and controlled from the UK it is considered a UK tax resident.
This is extremely important to pay attention to!
You could have actual substance in a foreign country (offices, employees, operations, etc) but if your company is managed and controlled from the UK you can face issues because the UK will want to tax that company.
The second set of rules to be careful about is the controlled foreign company rules (CFC Rules). If you're a small business you shouldn't have any issues. If you're bigger than what they consider small business you'll need to pay attention to these rules as well. If you own at least 25% of the foreign company that share will be taxed according to the UK corporate tax rate.
Having all this in mind what does make sense for UK residents? Which countries should you consider for a company structure?
Places that make sense are Cyprus, UAE, Hungary, Malta, Channel Islands, Isle of Man.
If you were to opt-in for the latter two they can provide management and control locally. Banking is not going to be the greatest in there, but certainly doable.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
Feel free to join our community!
Don’t forget to subscribe to our channel
https://www.youtube.com/channel/UCZDToCpuHc4kEHDurkQpVPg?sub_confirmation=1
https://wn.com/Where_Should_British_Residents_Form_An_Offshore_Company
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://clarity.fm/michaelrosmer
You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com
What is the best place for British citizens/residents to form an offshore company?
This is going to be very useful at the moment because the UK just announced that they're rising their corporate tax rates.
The UK has a particular set of rules that can be very useful. There are two challenging areas to be careful about. What should you look at and what should you consider if you're a Brit looking to form a company abroad? Today we are going to cover all of that.
The number one thing to look at is corporate residency rules. This is related to management and control standards. By default, if the company is registered in the UK it will be a tax resident of the UK, in certain cases, this can be overwritten by a tax treaty. Also if your company is managed and controlled from the UK it is considered a UK tax resident.
This is extremely important to pay attention to!
You could have actual substance in a foreign country (offices, employees, operations, etc) but if your company is managed and controlled from the UK you can face issues because the UK will want to tax that company.
The second set of rules to be careful about is the controlled foreign company rules (CFC Rules). If you're a small business you shouldn't have any issues. If you're bigger than what they consider small business you'll need to pay attention to these rules as well. If you own at least 25% of the foreign company that share will be taxed according to the UK corporate tax rate.
Having all this in mind what does make sense for UK residents? Which countries should you consider for a company structure?
Places that make sense are Cyprus, UAE, Hungary, Malta, Channel Islands, Isle of Man.
If you were to opt-in for the latter two they can provide management and control locally. Banking is not going to be the greatest in there, but certainly doable.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
Feel free to join our community!
Don’t forget to subscribe to our channel
https://www.youtube.com/channel/UCZDToCpuHc4kEHDurkQpVPg?sub_confirmation=1
- published: 13 Mar 2021
- views: 26329
26:31
Investment in Offshore Oil & Gas vs Windfarms
Marine Money Offshore Energy Finance Forum
Tuesday 25th April 2023
Singapore
Moderator: Ali Susanto, Managing Director & Head of Singapore,
Braemar Corporate ...
Marine Money Offshore Energy Finance Forum
Tuesday 25th April 2023
Singapore
Moderator: Ali Susanto, Managing Director & Head of Singapore,
Braemar Corporate Finance
Panel
Thomas Tan, Executive Chairman & CEO, Kim Heng
Arnold Chan, CFO, Miclyn Express Offshore
Elias Sakellis, Chief Investment Officer, Borealis Maritime &
Chief Executive Officer, Australis Maritime
https://wn.com/Investment_In_Offshore_Oil_Gas_Vs_Windfarms
Marine Money Offshore Energy Finance Forum
Tuesday 25th April 2023
Singapore
Moderator: Ali Susanto, Managing Director & Head of Singapore,
Braemar Corporate Finance
Panel
Thomas Tan, Executive Chairman & CEO, Kim Heng
Arnold Chan, CFO, Miclyn Express Offshore
Elias Sakellis, Chief Investment Officer, Borealis Maritime &
Chief Executive Officer, Australis Maritime
- published: 02 May 2023
- views: 211
3:12
Getting ready to seize opportunities in a resurgent offshore market
With the offshore oil and gas sector roaring back after a prolonged downturn, a number of OSV companies are “getting their house in order” to take advantage of ...
With the offshore oil and gas sector roaring back after a prolonged downturn, a number of OSV companies are “getting their house in order” to take advantage of the upturn, says Eleanor Martin, partner at Norton Rose Fulbright.
“They have had to go through difficult times, restructuring of balance sheets, really to come at it and be at the point in the market now where they can really seize those opportunities,” said Ms Martin.
Norton Rose Fulbright has supported clients with Chapter 11 restructurings, some of which have been extremely complex. One recent example is UK-based Altera Infrastructure, which emerged from Chapter 11 bankruptcy protection in January. A leading international midstream services provider to the oil and gas industry, Altera Infrastructure supplies critical infrastructure assets to its customers primarily in offshore regions of the North Sea, Brazil, and the East Coast of Canada.
What was particularly remarkable about Altera Infrastructure’s emergence in January was that it only entered Chapter 11 bankruptcy protection in August 2022.
Emerging from bankruptcy protection in just five months, Ms Martin said, showed a strong level engagement among stakeholders, allowing Altera Infrastructure to start “winning contracts and building their business again.”
https://wn.com/Getting_Ready_To_Seize_Opportunities_In_A_Resurgent_Offshore_Market
With the offshore oil and gas sector roaring back after a prolonged downturn, a number of OSV companies are “getting their house in order” to take advantage of the upturn, says Eleanor Martin, partner at Norton Rose Fulbright.
“They have had to go through difficult times, restructuring of balance sheets, really to come at it and be at the point in the market now where they can really seize those opportunities,” said Ms Martin.
Norton Rose Fulbright has supported clients with Chapter 11 restructurings, some of which have been extremely complex. One recent example is UK-based Altera Infrastructure, which emerged from Chapter 11 bankruptcy protection in January. A leading international midstream services provider to the oil and gas industry, Altera Infrastructure supplies critical infrastructure assets to its customers primarily in offshore regions of the North Sea, Brazil, and the East Coast of Canada.
What was particularly remarkable about Altera Infrastructure’s emergence in January was that it only entered Chapter 11 bankruptcy protection in August 2022.
Emerging from bankruptcy protection in just five months, Ms Martin said, showed a strong level engagement among stakeholders, allowing Altera Infrastructure to start “winning contracts and building their business again.”
- published: 01 Mar 2023
- views: 28
7:34
5 Reasons to Form an Offshore Company in Hong Kong
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://clarity.fm/michaelrosmer
You can visit our websites ...
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://clarity.fm/michaelrosmer
You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com
In the previous video, we covered the topic of why you wouldn't want to form a company in Hong Kong. Today we are doing exactly the opposite. We are giving you 5 reasons to form an Offshore Company in this jurisdiction.
Today we are talking about the pros of Hong Kong.
First of all, it's easy, cheap, and quick. In many places they require lots of legal documents, they require the power of attorney, etc. All of this makes the process more complicated and it drags on. Luckily, this is not the case in Hong Kong.
The second reason why you'd want to form a company here is that the payment infrastructure which is very good. You have access to PayPal and Stripe. Even though there are problems with the exchange rates and the currency (as we talked about in our previous video) you can sometimes negotiate with them to get better rates and settlements in the currency of your choice. Banks also offer multi-currency accounts.
The third thing has to do with PR. The international reputation of Hong Kong tends to be very good. Hong Kong is seen as a genuinely international business center. This is one of the most reputable offshore destinations, unlike BVI or Cayman Islands that got terrible reputations over the years.
The fourth thing has to do with taxes. If set up properly you can get zero tax on your foreign income.
The last advantage of Hong Kong has to do with audited financial statements. Even though it's a hassle and we mentioned this is our previous video as something that is a drawback of Hong Kong, it is actually something that can work well in your favor. Banks will like it, investors will like it, it's reputable and not too hard to do since they are not as excessive as they would be in the US for example.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
Feel free to join our community!
Don’t forget to subscribe to our channel
https://www.youtube.com/channel/UCZDToCpuHc4kEHDurkQpVPg?sub_confirmation=1
https://wn.com/5_Reasons_To_Form_An_Offshore_Company_In_Hong_Kong
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://clarity.fm/michaelrosmer
You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com
In the previous video, we covered the topic of why you wouldn't want to form a company in Hong Kong. Today we are doing exactly the opposite. We are giving you 5 reasons to form an Offshore Company in this jurisdiction.
Today we are talking about the pros of Hong Kong.
First of all, it's easy, cheap, and quick. In many places they require lots of legal documents, they require the power of attorney, etc. All of this makes the process more complicated and it drags on. Luckily, this is not the case in Hong Kong.
The second reason why you'd want to form a company here is that the payment infrastructure which is very good. You have access to PayPal and Stripe. Even though there are problems with the exchange rates and the currency (as we talked about in our previous video) you can sometimes negotiate with them to get better rates and settlements in the currency of your choice. Banks also offer multi-currency accounts.
The third thing has to do with PR. The international reputation of Hong Kong tends to be very good. Hong Kong is seen as a genuinely international business center. This is one of the most reputable offshore destinations, unlike BVI or Cayman Islands that got terrible reputations over the years.
The fourth thing has to do with taxes. If set up properly you can get zero tax on your foreign income.
The last advantage of Hong Kong has to do with audited financial statements. Even though it's a hassle and we mentioned this is our previous video as something that is a drawback of Hong Kong, it is actually something that can work well in your favor. Banks will like it, investors will like it, it's reputable and not too hard to do since they are not as excessive as they would be in the US for example.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
Feel free to join our community!
Don’t forget to subscribe to our channel
https://www.youtube.com/channel/UCZDToCpuHc4kEHDurkQpVPg?sub_confirmation=1
- published: 15 Jan 2021
- views: 6185