British Virgin Islands Offshore


Offshore Banking

  • Protection against local political or financial instability: Offshore banks provide access to politically and economically stable jurisdictions. Developed countries with regulated banking systems also offer stability.
  • Less restrictive legal regulation: Offshore jurisdictions have reduced regulations in order to attract investment, which is in keeping with the economic and political stability offered.
  • Greater privacy: Reduced access by local authorities, low levels of offshore regulation, and offshore banking services such as anonymous bank accounts allow for a greater privacy.
  • Lower cost base and higher interest rates: Some offshore banks operate with a lower cost base and provide higher interest rates. This is most likeky to be lower than the local legal rate due to improved conditions of lower intervention etc.
  • Special services: Some offshore banks offer banking services that may not be available from domestic banks such as anonymous bank accounts, higher or lower rate loans based on risk and investment opportunities not available elsewhere.
  • Low or no taxation: Tax and banking competition creates lower rates in order to attract investors. Offshore bank interest is often paid without deducting tax. This is particularly interesting to individuals who do not pay tax on worldwide income, or who do not pay tax until the tax return is agreed.

Advantages of incorporation in Hong Kong

  • British legal system
  • English and Chinese as official languages
  • No tax on income earned outside Hong Kong
  • Very stable social/political environment
  • Excellent relationship with China
  • No restrictions on doing business outside of Hong Kong
  • No exchange of information between Hong Kong and other countries
  • International financial and transportation hub

Interesting Facts about Hong Kong

  • The official name of Hong Kong is ‘Hong Kong Special Administrative Region’.
  • Hong Kong, spread over 1,092 sq km, comprises of Hong Kong Island, Kowloon, the New Territories, and numerous small islands.
  • The official languages of Hong Kong are Cantonese (a dialect of Chinese) and English.
  • Hong Kong is the Special Administrative Region (SAR) of China, with its own mini-constitution (the Basic Law).
  • The emblem for the reunification of Hong Kong with China is Sousa Chinensis (the Chinese White Dolphin).
  • The meaning of the words ‘Hong Kong’ is ‘Fragrant Harbor’.
  • Hong Kong is located in southeastern China, at the base of the Pearl River.
  • Hong Kong borders Guangdong province in the north and faces the South China Sea in the east, west and south.
  • Hong Kong was taken over by the British forces, after the defeat of the Chinese in the Opium War of 1842.
  • The terrain of Hong Kong is pretty hilly and there are outdoor escalators in the Central district of the Island.
  • Hong Kong is counted amongst the most densely populated areas of the world.
  • Hong Kong became a Special Administrative Region of China on 1st July 1997.
  • The new airport of Hong Kong is on Lantau Island. It is linked to the mainland by the Tsing Ma Bridge, one of the longest suspension bridges in the world.


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Nominee Director and Shareholder

You have full control AND anonymity: We can hold the officer positions of the Hong Kong company on your behalf and you will have a general power of attorney. The nominee director does not engage in any business but will solely lend his name to your corporation. The director we provide has no access to the bank accounts of the corporations and cannot make any decisions. Your nominee officers do not touch any funds associated with your company. You can retain the signature authority over all accounts. Your nominees do not have access or signature authority over any corporate account.If you require complete confidentiality in addition to the nominee shareholder service described above you may appoint us as your sole director. Our nominee becomes the registered holder of the respective shares, and no record of the true beneficiary then exists on the public record.

Last Updated ( Wednesday, 24 March 2010 )
 
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