Why to Incorporate offshore in Hong Kong

Today, many investors and entrepreneurs are choosing to set up their businesses overseas especially in jurisdictions like Hong Kong. The rationale behind this trend is to primarily facilitate entry into an international market and to benefit from tax friendly jurisdictions. Hong Kong is considered one of the best cities to establish and run a business, as it scores high on factors that matter to businesses. Strategic location, productive work-force, stable economic and political environment, attractive tax regime, pro-business environment, world-class infrastructure, an effective legal system are some of the factors that continue to contribute to its success. 

Advantages of Incorporating in Hong Kong:-

• A Hong Kong business set up is an efficient vehicle which faces minimal corruption, restrictions and red tape. Consequently, the city is ranked as the best place in the world to start a new business.
• A Hong Kong offshore entity is an excellent corporate vehicle to house global corporate profits, while legally minimizing taxation.
• Incorporating a HK offshore business set up serves as the ideal gateway to Chinese market, alongside the Indian and the Australian markets.
• Favorable corporate tax rules make Hong Kong’s offshore entity the perfect holding company.
• HK’s corporate and personal banking system is considered one of the most secured in the world. The city’s government has strong client confidentiality guidelines and has committed to the OECD tax principles.
• HK offshore company, unlike some other low tax jurisdictions, is not perceived as tax avoidance mechanism. Consequently, it is easy to open corporate bank accounts globally for such a company.
• In order to increase transparency and strength of their offshore solutions, the HK government makes it mandatory to list the company’s details on the Company Register for public viewing.
• A HK offshore entity is an excellent corporate vehicle to house global corporate profits, while legally minimizing taxation.
• A Hong Kong offshore company is easily set up as Paper Company within 1 week with only 1 director and 1 shareholder who can be of any nationality.
• Incorporating a HK offshore business serves as the ideal gateway to Chinese market, alongside the Indian and the Australian markets
•  Favorable corporate tax rules make the HK offshore entity the perfect holding company.

To learn more about incorporation in the Bahamas or any other offshore jurisdiction, please follow the link below - See more at: http://globalcompanyformation.co.uk or ring us on +44 (0)2079935929.

Global Company Formation UK Ltd 

Suit 6-Westward House

Glebeland Road Camberley

Surrey, GU15 3DB

Tel: 02079935929

E  :info@globalcompanyformation.co.uk

W :www.globalcompanyformation.co.uk

Welcome to Global Company Formation UK

We offer formation advice to start up business globally. We advise you of the mode of start up like limited company, partnership, sole trader, trust and which is more suitable to your business. Our professional team consists of Lawyers, Chartered Accountants & Business Consultants in all major jurisdictions across the globe. We guide you to the country of formation on the basis of your domicile status, double taxation agreement, international plan and repatriation rule of each country. Now you can form your business anywhere in the world with us and we care your business.

Mathew Stephen FCA, AAIA, CeFA

Mathew Stephen is the founder Director of Global Accountancy Services. He is a qualified accountant from the Association of International Accountants in the UK and the Institute of Chartered Accountants of India. He is also one of the partners of international Chartered Accountants firm P. Parikh & Associates. He has 20 years’ experience in accounts, business consultancy, taxation & statutory audit. He is also a UK Independent Financial Advisor (IFA) and CeFA qualified at the IFS School of Finance.

He has won the Online Technology Award in two consecutive years, 2011 and 2012, from the Tenet Network. He specialises in Global Company Formation, International Taxation and also as Corporate Protection Advisor to the directors of Limited Companies.

Why to Incorporate in Ras-al-Khaimah

Ras al-Khaimah is one of the Persian Gulf Arab sheikhdoms forming the United Arab Emirates (UAE). The Ras Al Khaimah Government introduced legislation in 2006 permitting the establishment of International Companies (IC's). This is only the second Free-Zone within the UAE that permits the incorporation of such entities. IC's incorporated under the International Companies Regulations 2006 are relatively quick and easy to set up, in-expensive to incorporate and manage when compared to alternative jurisdictions and offer all the advantages of standard offshore structures in the more established jurisdictions such as BVI and Cayman Islands. IC's can only be incorporated by Registered Agents such as Alpha Management Limited. 

As a White List Jurisdiction, RAK gives the protection and kudos of a having a Company registered in an OECD approved jurisdiction whilst still offering the benefits and advantages of zero tax.

RAK International Business Companies (IBC’s) are also known as RAK ‘Offshore’ Companies. RAK maintains a Free Trade Zone in which international business can be conducted free of local taxes and regulations. These companies are similar to British Virgin Islands IBCs but offer the security of being on the ‘White List’ (the BVI is a ‘Grey List’ jurisdiction).They are allowed to have their Agent and Registered Office anywhere within the UAE.

These companies are extremely flexible international instruments that can serve many objectives: trading operations, asset protection, tax planning, real estate, holding, trusts, funds etc.

They require a symbolic capital and only one director and shareholder. They can hold board meetings anywhere on the planet and the identity of their shareholders are kept confidential by law, unless there is suspicion of criminal activity by the RAK and UAE regulatory bodies.

The cost of creation of such IBCs and the yearly renewal fee are minimal. International Business Companies registered in RAK offshore can bear the status of Ltd.

Advantages of Incorporating in RAK:-

• RAK company registration is an excellent alternative corporate structure to Dubai free zone company formation, with faster incorporation procedures and a wide choice of office and warehousing facilities.

• 100% income tax, corporation tax and capital gains tax exemptions.

• 100% foreign ownership is permitted if the investor opts to set up a company in RAK Free Trade Zone. RAK Free Zone Company is highly regulated and has a wide choice of office and warehouse facilities.

• Through an RAK offshore company, it is possible to have an entity and business address without the legal requirement to rent a physical office and employ staff

• Through a branch company, investors can wholly own the entity and not be subject to an annual audit.

• RAK is strategically located close to the Straits of Hormuz and only 40 minutes away from the center of Dubai.

• Investors can take advantage of abundant supplies of competitively priced energy.

• Ras Al Khaimah is one of the fastest growing emirates in the UAE. Its booming economy and proximity to other major international centres like Dubai has attracted hundreds of large, medium and small business from every part of the world.

Global Company Formation UK Ltd

Suit 6-Westward House

Glebeland Road Camberley

Surrey, GU15 3DB

Tel: 02079935929

E  :info@globalcompanyformation.co.uk

W :www.globalcompanyformation.co.uk

Welcome to Global Company Formation

We offer formation advice to start up business globally. We advise you of the mode of start up like limited company, partnership, sole trader, trust and which is more suitable to your business. Our professional team consists of Lawyers, Chartered Accountants & Business Consultants in all major jurisdictions across the globe. We guide you to the country of formation on the basis your domicile status, double taxation agreement, international plan and repatriation rule of the each country. Now you can form your business anywhere in the world with us and we care your business.

Mathew Stephen FCA, AAIA, CeFA

Mathew Stephen is the founder Director of Global Accountancy Services. He is a qualified accountant from the Association of International Accountants in the UK and the Institute of Chartered Accountants of India. He is also one of the partners of international Chartered Accountants firm P. Parikh & Associates. He has 20 years’ experience in accounts, business consultancy, taxation & statutory audit. He is also a UK Independent Financial Advisor (IFA) and CeFA qualified at the IFS School of Finance.

He has won the Online Technology Award in two consecutive years, 2011 and 2012, from the Tenet Network. He specialises in Global Company Formation, International Taxation and also as Corporate Protection Advisor to the directors of Limited Companies.

Why to Incorporate in Dubai

Dubai is the 3^rd largest re-export center in the world, and the largest state of the seven United Arab Emirates. Located on the Arabian Peninsula between Europe, Asia and Africa, its strategic location attracts roughly 5 million investors and tourists per year. 

Dubai's economy is comparatively flourishing in the wake of the global recession, making it an opportune time for investors and entrepreneurs to buy into its rebounding economy. Incorporating a company in Dubai is a reliable way to invest abroad and conduct international business because of the emirates excellent international reputation as an investment and trading jurisdiction. 

Due to unique and efficient facilities, entrepreneurs and investors are able to operate and conduct their businesses with confidence. Each free zone is conveniently facilitated with centers, buildings, expertise and practices that will meet the nature of your business needs. With such economic, social and political benefits, Dubai is the fastest growing city in the world and is known as a "gateway for regional opportunity". Consider incorporating your company in Dubai and experience the benefits it offers. 

If properly structured, a Dubai incorporated company can legitimately enjoy a wide variety of benefits, which is the main reason why it has attracted almost 200 of the global Fortune 500 companies. 

Advantages of incorporating in Dubai:-

·         100% foreign ownership

·         Cost-efficiency

·         Modern infrastructure

·         World-class privileges

·         100% foreign ownership

·         Can be formed by only one individual

·         Dubai Bank account

·         100% Secrecy maintained

·         0% Tax

·         Less Renewal Charges

·         Can be liquidated anytime

·         Can hold Properties

Dubai is not a signatory to any international exchange of information agreements. This is not predicted to change as Dubai has no taxation gain from the participation of such treaties. This provides high levels of security, privacy and asset protection for companies and individuals incorporating a company in Dubai.

With the exception of banks and companies involved in the oil industry all Dubai companies are free from corporation tax. There is also no income tax, capital gains tax and inheritance tax. It is interesting to note that there is no public record of a company’s directors or shareholders in Dubai. There is also no taxation department. The personal information and details of a company’s activities will remain private in Dubai.

Dubai’s Jebel Ali Free Zone offers an ideal offshore company vehicle for foreign operators. Although trading inside the Free Zone can be carried out under several different types of license the most common is a “Jebel Ali Offshore Company”.

Dubai offshore company may be used for a multitude of activities which many include tax mitigation, estate planning and asset protection. It is possible to hold Dubai property and other assets in privacy through a Dubai offshore structure.

 

Global Company Formation UK Ltd

Suit 6-Westward House

Glebeland Road Camberley

Surrey, GU15 3DB

Tel: 02079935929

E  :info@globalcompanyformation.co.uk

W :www.globalcompanyformation.co.uk

Welcome to Global Company Formation

We offer formation advice to start up business globally. We advise you of the mode of start up like limited company, partnership, sole trader, trust and which is more suitable to your business. Our professional team consists of Lawyers, Chartered Accountants & Business Consultants in all major jurisdictions across the globe. We guide you to the country of formation on the basis your domicile status, double taxation agreement, international plan and repatriation rule of the each country. Now you can form your business anywhere in the world with us and we care your business.

Mathew Stephen FCA, AAIA, CeFA

Mathew Stephen is the founder Director of Global Accountancy Services. He is a qualified accountant from the Association of International Accountants in the UK and the Institute of Chartered Accountants of India. He is also one of the partners of international Chartered Accountants firm P. Parikh & Associates. He has 20 years’ experience in accounts, business consultancy, taxation & statutory audit. He is also a UK Independent Financial Advisor (IFA) and CeFA qualified at the IFS School of Finance.

He has won the Online Technology Award in two consecutive years, 2011 and 2012, from the Tenet Network. He specializes in Global Company Formation, International Taxation and also as Corporate Protection Advisor to the directors of Limited Companies.

Why to form in Isle of Man

The Isle of Man is an established international business and finance center, with a secure base built on political stability, low taxation and a firmly established fiscal and regulatory environment independent of the UK. 

The Isle of Man is an internally self-governing dependent territory of the British Crown. It is not and has never been part of the United Kingdom but is within the British Isles. It is technically a Crown Dependency and is independent in all matters except foreign affairs and defence, both of which are the responsibility of the United Kingdom Government and for which the Isle of Man pays an annual contribution. 

The main reason that people think of the Isle of Man when considering incorporating an offshore company is its unrivalled reputation in the sector. There are however numerous advantages when it comes to the registering of an Isle of Man Company. Such as its 0% corporate income tax, no withholding tax, no capital gains tax and no stamp duty along with a myriad of other attractive qualities.

There is also double tax relief available for foreign tax paid through its double taxation agreements or its various tax information exchange agreements.

The Advantages of Registering in the Isle of Man

Isle of Man Offshore Companies and their Tax Liability: A 0% corporation tax rate for most trading Isle of Man companies (except banks) came into force in 2006. This gives the Isle of Man the joint lowest corporate tax rate in Europe. Note that the 0% rate only applies to trading companies. Companies that are in the business of banking, insurance or are connected with the business of Isle of Man property or are non-trading, pay corporation tax at a rate of 10% and a withholding tax at the same rate is imposed if the dividend is paid to a non resident individual or corporate body. 

Isle of Man Offshore Company Anonymity and Disclosure: The identity of the beneficial owners of the Isle of Man Company may remain confidential if corporate shareholders are engaged to act as the shareholder on behalf of the ultimate beneficial owners. This confidentiality is maintained as long as the company and its ultimate beneficial owners are not involved in any criminal activity. Offshore Trade Services can supply the use of our corporate shareholders for this very purpose. Similarly, the register of Directors within the Isle of Man is also publicly accessible and so if anonymity is required, Offshore Trade Services can supply the use of Nominee Directors.

Companies and other forms of business organisation established under the law of the Isle of Man have been widely used internationally: It is no accident that business organisations established in the Isle of Man have become so widely used. It is arguable that the Isle of Man has the most sophisticated law relating to forms of business organisation of any center for ‘offshore’ work, and is among the leading jurisdictions of the world in this respect.

The Isle of Man is a ‘Common Law ’jurisdiction: The basis of Manx law is Manx customary law, itself derived from a combination of Gaelic Brehon law, Norse Udall law, and both being very heavily influenced by English Common Law over the centuries. Equity, as it developed in the English courts, has been applied identically in the Isle of Man since the seventeenth century. With a few exceptions, notably in Land law and Constitutional law, the Isle of Man closely follows English legal precedents and legislation.

Part of the success of the Isle of Man is its professional services industry: The Isle of Man legal profession is a fused profession practicing law to the highest standards. The Judiciary of the Isle of Man enjoys the highest international reputation and its judgments carry great weight internationally. The accountancy profession is well established, with all the major international firms represented from the Chartered, Certified and other branches of the profession. The Institute of Chartered Secretaries and Administrators is also represented, as is the banking profession through a thriving centre of the Chartered Institute of Bankers.

The Financial Services Industry is long established and well regulated: All aspects of the financial services industry are regulated by Government Agencies. The Financial Supervision Commission’s functions are described in the Financial Services Act 2008 and include the regulation and supervision of persons undertaking regulated activities (i.e. deposit-taking, investment business, services to collective investment schemes, fiduciary services, money transmission services) in or from the Isle of Man; whilst the Insurance & Pensions Authority has responsibility for the regulation of the insurance and pensions sector in the Isle of Man.

The Isle of Man has long had a reputation as a hub for corporate finances particularly offshore which makes it a much sought after jurisdiction when considering setting up an offshore company.

Global Company Formation UK Ltd 

Suit 6-Westward House

Glebeland Road Camberley

Surrey, GU15 3DB

Tel: 02079935929

E  :info@globalcompanyformation.co.uk

W :www.globalcompanyformation.co.uk

Welcome to Global Company Formation 

We offer formation advice to start up business globally. We advise you of the mode of start up like limited company, partnership, sole trader, trust and which is more suitable to your business. Our professional team consists of Lawyers, Chartered Accountants & Business Consultants in all major jurisdictions across the globe. We guide you to the country of formation on the basis your domicile status, double taxation agreement, international plan and repatriation rule of the each country. Now you can form your business anywhere in the world with us and we care your business.

Mathew Stephen FCA, AAIA, CeFA

Mathew Stephen is the founder Director of Global Accountancy Services. He is a qualified accountant from the Association of International Accountants in the UK and the Institute of Chartered Accountants of India. He is also one of the partners of international Chartered Accountants firm P. Parikh & Associates. He has 20 years’ experience in accounts, business consultancy, taxation & statutory audit. He is also a UK Independent Financial Advisor (IFA) and CeFA qualified at the IFS School of Finance.

He has won the Online Technology Award in two consecutive years, 2011 and 2012, from the Tenet Network. He specialises in Global Company Formation, International Taxation and also as Corporate Protection Advisor to the directors of Limited Companies.

Why to form offshore in Sychelles

Seychelles IBC - an International Business Company - is the most popular and versatile type of offshore corporation available in Seychelles. As most other classic offshore companies, Seychelles IBC is a tax-free corporation designed to engage into all types of international business. Being an IBC, it is subject to minimum red-tape. While being obliged to keep internal records and registries in good order, a Seychelles IBC does not have to submit any financial reports to public file. There is also no mandatory audit requirement.

Seychelles IBC is similar to the most popular international business company, the BVI IBC, and in some respects even exceeds that benchmark model of offshore corporation. Since the introduction of the Seychelles International Business Companies Act in 1994, over 100`000 Seychelles IBC`s have been registered, with more than 600 new offshore companies being registered every month.

Seychelles IBCs Uses

The Seychelles IBC is commonly used:

(1) As a vehicle to safely and discreetly hold investments including real estate, shares and intellectual property

(2) For commercial transactions and international trading operations

(3) As Oil and Commodity trading vehicles

(4) As a forex, options, futures and/or share trading vehicle

(5) As an asset protection vehicle

(6) For import/export activities

(7) As a vehicle with which to gain access to alternative investments including pre IPO offerings & private/hedge funds

(8) As a consultancy and/or personal service business entity

Advantages of Incorporating in Seychelles :-

Unparalleled Privacy: There is no public register of Shareholders or Directors in Seychelles and there is no way that a Seychelles IBC can be made to ever disclose to the Registry details of the IBC’s underlying “beneficial” owner/s.

Nominee Shareholders and Directors are permitted: A Nominee may act as the Shareholder and/or Director of a Seychelles IBC.

Other Offshore Companies can act as Nominee: As a further safeguard to your privacy another Offshore Company can be engaged to act as Nominee Shareholder or Director of your Seychelles IBC thereby doubling your IBC’s privacy protection!

No Accounting Costs: there is a requirement to file Accounts or Annual Company Returns for Seychelles IBCs. This results in less cost per year in real terms and added privacy as the Company’s asset holdings and financial records remain secret.

Zero Taxes: Seychelles IBCs pay no taxes in Seychelles and there is no stamp duty or other taxes levied when shares in a Seychelles IBC are transferred or sold.

Cost Effective Litigation Insurance: As it is nearly impossible to determine the owners of a Seychelles IBC (or whether the IBC owns any assets) there is very little incentive or reason to ever sue a Seychelles IBC.

Secure Offshore Banking: As Seychelles IBCs are permitted to open their own Offshore Bank Accounts (and taking into account that Seychelles Banking Laws are amongst some of the most privacy conscious in the world) a Seychelles IBC can be confidently utilized as a vehicle with which to securely bank funds offshore.

No US or EU IRS Interference: Seychelles has no economic ties with the US or the EU and, (unlike the BVI and many of our competitors) has not signed any information sharing agreements with the US or the EU Internal Revenue Services. Convenient Time Zone: At + 4 GMT time zone Seychelles is extremely convenient to clients based in the UK, Europe and the major Asian Business Centres. 

Political Stability: Seychelles has a stable democratically elected government and has seen little change in its political climate in the past 30 years

Seychelles IBCs, (being based on the classic Bahamas and British Virgin Islands IBC Model), offer the most attractive privacy features currently on offer anywhere in the world. Unlike the historically popular Caribbean and Channel Islands IBC Centres (most of which, as British Colonial territories, are facing enormous pressure to bring their privacy features and tax rates into line with the rest of Europe) Seychelles is a politically stable and independent republic. 

Global Company Formation UK Ltd 

Suit 6-Westward House

Glebeland Road Camberley

Surrey, GU15 3DB

Tel: 02079935929

E  :info@globalcompanyformation.co.uk

W :www.globalcompanyformation.co.uk

Welcome to Global Company Formation 

Welcome to Global Company Formation UK Limited

We offer formation advice to start up business globally. We advise you of the mode of start up like limited company, partnership, sole trader, trust and which is more suitable to your business. Our professional team consists of Lawyers, Chartered Accountants & Business Consultants in all major jurisdictions across the globe. We guide you to the country of formation on the basis your domicile status, double taxation agreement, international plan and repatriation rule of the each country. Now you can form your business anywhere in the world with us and we care your business.

Mathew Stephen FCA, AAIA, CeFA

Mathew Stephen is the founder Director of Global Accountancy Services. He is a qualified accountant from the Association of International Accountants in the UK and the Institute of Chartered Accountants of India. He is also one of the partners of international Chartered Accountants firm P. Parikh & Associates. He has 20 years’ experience in accounts, business consultancy, taxation & statutory audit. He is also a UK Independent Financial Advisor (IFA) and CeFA qualified at the IFS School of Finance.

He has won the Online Technology Award in two consecutive years, 2011 and 2012, from the Tenet Network. He specialises in Global Company Formation, International Taxation and also as Corporate Protection Advisor to the directors of Limited Companies.