It is not against the law to have an offshore company. You can set up an offshore company for a lot of different reasons. Offshore company formation has a lot of benefits, such as privacy, asset protection trusts, minimizing tax liability, protection from lawsuits, business law flexibility, ease of operation, etc. easycorp is the best place where you can open an offshore company easily.
After all, it helps businesses and the country in many ways. But not every country brings the same benefits; some stand out.
Even though Hong Kong is part of the People’s Republic of China, its laws are based on English common law. As a result, it has the most advantages for starting an offshore company than any other Asian country, from registering an offshore company to paying taxes. It has low fees for setting up a business outside of Hong Kong and a tax rate of 0% for businesses that operate outside of Hong Kong. However, operating within its jurisdiction, you’re liable to pay 16.5 percent of the company’s profits in taxes.
For an offshore company to register in easycorp, you don’t have to live there. But offshore companies will have to hire a secretary and set up a local office address. If you are close to China, it will be easier for you to get to the mainland.
The Closer Economic Partnership Arrangement also gives them access to the Chinese market in a way that no one else can, making it easier for them to ship goods to the Asian market. Businesses also have a lot of freedom in how they run their businesses. Corporations will be able to do business activities anywhere in the world.
On easycorp, there are four simple steps to set up an offshore company:
1. Preparation
Make a request for a free search of business names. Easycorp check to ensure that the name may be used, and we provide suggestions when appropriate.
2. Information Regarding Your Company
Create an account or sign in on easy corp, then enter the names of your company’s directors and shareholders (s). In addition, please include your shipping information, business address, and any specific requests (if any).
3. Payment for Your Favourite Company
Pick your preferred mode of payment; we can process payments made using Credit/Debit Cards, PayPal, or Wire Transfer.
4. Please deliver the Company Kit to the Address Provided
· You will be provided with electronic copies of the required papers, such as the Certificate of Incorporation, the Business Registration, the Memorandum and Articles of Association, and so on. After that, your newly established corporation in a jurisdiction is prepared to begin doing
business.
· You may establish a corporate bank account by bringing the necessary paperwork in your business kit, or we can assist you in doing so with our extensive knowledge in banking support services.
For More Information Visit: https://www.easycorp.com.hk
