Some countries and regions (such as BVI, Samoa and Cayman Island) maintain a lenient tax regime as an incentive for worldwide investors or business owners to establish their investment flagship or business (known as offshore companies). These Offshore companies are not subject to any profit tax in general or tax declaration, and the shareholders' information, shareholding percentage and revenue status are entitled to the highest level of confidentiality. They are eligible to open bank accounts and enjoy subsequently financial services at most of the international banks. Dependent on the prevailing policies, there are cases that these overseas companies are listed in a third country or region.
Preparation of Required Registered documents for new corporate bank account setup
Preparation for Certificate of Incumbency (BVI, Samoa, Seychelles)
Registration of Certificate of Business Registration Hong Kong
Wholly Owned Foreign Enterprise (WOFE)A WOFE is a limited liability company registered with only foreign capital under the Chinese Commercial Ordinance. The investing party could be corporation, economic organisation or individual.As stipulated in the law, each WOFE is restricted in a certain business scope (e.g. consulting, manufacturing, trading, etc.) according to its activity and nature. The WOFE have different requirements for different business scopes. Estimated processing time: 45 days in average upon receipt of all mandatory documents.
Estimated processing time: 45 days in average after receiving all required documents
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