It is preferable to set up offshore company to a Hong Kong company, the offshore company’s general information is kept confidential by the offshore government. Besides, offshore company only requires to pay annual government fees to the offshore jurisdiction and enjoys tax exemptions.
Advantages in setting up an offshore company:
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- Develop multinational businesses and enhance corporate image
- Facilitate investment financing which is the first step to overseas listing
- Convenient registration processes
- Legal tax savings
- Easy company management
- Company registration information and document confidentiality
- Effective protection of assets
- Convenient international trade
- No restrictions on the scope of businesses
- No restrictions on investors, shareholders and directors