A slight increase in value added tax by the state made a certain category of domestic entrepreneurs think about the existing legal (legal) possibilities to reduce this item of expenses in the activities of their company or enterprise. Option open a company in Hong Kong or Singapore and thus legalize in an offshore zone The successfully developing Asian (mainly China, which is currently prosperous) market has a number of very promising, most importantly, profitable reasons:
- The ability to conduct foreign exchange banking operations without any control from the state (maintaining a foreign currency account in domestic banks is a very complicated bureaucratic procedure).
- No need to submit personal data of the entrepreneur to the regulatory authorities of these countries (complete anonymity).
- Direct access to manufacturers and suppliers of foreign products.
And of course the minimum rate of value added tax. The interest of the Hong Kong and Singapore authorities in attracting foreign capital is confirmed by significant benefits for the owners of newly opened companies, and if their activities are carried out outside the offshore zone - full tax exemption.
Procedure for opening a company in Hong Kong or Singapore
To simplify the procedure for opening their own company (firm) in Hong Kong or Singapore, most entrepreneurs prefer the so-called purchase of a ready-made commercial organization on the territory of these offshore zones. The main advantages include:
- Short processing time and registration, which takes 4 banking days.
- Ability to remotely perform all bureaucratic procedures (without personal presence on the territory of these countries).
How the registration (purchase) of a company in Hong Kong or Singapore is carried out can be found in more detail using the website of a company that provides services for carrying out all the necessary procedures at a high professional level. The resource provides an opportunity to receive an online consultation.
