Malaysia Hotline: +603- 2141 8908
Globally, some
countries or regions offer an international tax-free system including Cayman
Island, BVI etc. These countries and
regions are named as offshore countries or offshore jurisdictions. Companies that are owned by foreign investors
and do not have any operations within the offshore countries or jurisdictions
are called offshore companies. Offshore companies are not required to pay any
tax in these countries. Shareholders can
be anonymous. In addition to the attractive tax-free system, other benefits of
using offshore companies are international tax planning, wealth management,
wealth protection, asset protection, high privacy and confidentiality of
company ownership and also less regulation requirements. There are a number of advantages for setting
up an offshore company and thus it is getting more and more popular in Hong
Kong.
Basic Requirements for Offshore Company
Formation/Incorporation
Company name: Each company name will be unique as it is
required to have the company name approval performed to ensure no repetition.
Directors (aged 18 or
over): Either a minimum of one director
of any nationality or a company is allowed.
There is no limit for the number of directors. Directors need not be shareholders.
Appointment of nominee directors is permitted.
Shareholders (aged 18
or over): Without any residency
requirement, a minimum of one shareholder could be a person of any nationality
or a company. A shareholder could also be a director. Nominee shareholders can
also be appointed.
Advantages of Offshore Company
- Exemption from all
local taxes and stamp duty.
- Maximum
confidentiality and anonymity.
- No requirements to
submit organizational or accounting information.
- Ease of operation,
maintenance and control.
- Issue shares in any
currency.
- No statutory
requirement to hold annual general meetings.
- Excellent and
flexible post-incorporation follow-up services.
- No disclosure or
minimum capital requirements.
- Highly competitive
fees and costs.
- Able to open bank
accounts in Hong Kong.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my