What is an offshore company? How to choose the place of registration of offshore companies?

For offshore companies, the relevant information about choosing the place of registration of offshore companies is as follows:

An offshore company refers to a limited liability company or a joint stock limited company established in an offshore legal area. The local government does not levy any taxes on such companies, but only charges a small amount of annual management fees. At the same time, major international banks recognize such companies to facilitate their bank account opening and financial operation. It has three characteristics: high confidentiality, tax relief and no foreign exchange control. How to choose the place of registration of offshore companies has become the key to the success or failure of establishing offshore companies and carrying out offshore business.

Select offshore registration place

The following are some general reference standards.

Political and economic stability;

Sound professional intermediaries (such as law firms and accounting firms);

Transportation and communication are developed and convenient;

Banking services are comprehensive and convenient;

Modern and flexible legislation;

Tax authorities decide whether to choose a contracting offshore jurisdiction or a non-contracting offshore jurisdiction according to business needs;

Recommended offshore registration place

Singapore

Hong Kong

Cayman Islands

Samoa is

Bahamas

Panama