Who Prefers Offshore Registration?

Why do domestic rich people like to set up Off Shore Company?

Miss Hu (a pseudonym) is a business consultant who specializes in acting as a Offshore Company Registry in Beijing.

When a client wants to set up a Off Shore Company, she first asks, "do you invest or trade, or avoid tax?"

According to Miss Hu, if it is purely for tax avoidance, virgin will be able to do so; if it is to invest or go public, Cayman Company Incorporation will be more suitable; if it is

Any Off Shore Company can do that.

The rich, including entrepreneurs, businessmen, senior managers, actors, writers, and so on, are keen to register their own Off Shore Company.

This is because all the major international banks recognize Off Shore Company and are willing to facilitate their establishment of bank accounts and financial operations.

In the process of operation, on the one hand, this Off Shore Company can help the rich group to reduce the amount of tax payment, on the other hand, Off Shore Company is not subject to foreign exchange control, which can make their overseas investment and pfer wealth plan more hidden and free.

According to statistics, there are more than 70 Off Shore Company registered globally, of which more than 50 are registered in the British Virgin Islands.

Of these more than 50 offshore enterprises, more than 20 are related to China, accounting for more than 40% of the Off Shore Company in the British Virgin Islands.

It is very convenient for the rich group to pfer their personal assets through the Off Shore Company. It is very convenient to register a Off Shore Company in the British Virgin Islands. At least, it only needs to pay 300 US dollars, which is at most only 1000 dollars, which is 10 fen for Shi Naijiu, who is rich in hundreds of millions or billions of dollars.

According to relevant information, about 500 billion to 1 trillion and 500 billion dollars a year change through money laundering, a considerable part of which is carried out through offshore centers and Off Shore Company.

Earlier media reports had reported that Zhang Shuguang, the corrupt official of the Chinese railway system, had set up a Off Shore Company named "East Asian trade bloc". Although the establishment of Off Shore Company was not illegal, officials and their relatives had the risk of taking bribes and pferring assets by Off Shore Company.

"Through the establishment of Off Shore Company, we can make use of these superficial and reasonable commercial activities to pfer the property inside the country to the outside world.

Once out of the country, the situation can not be grasped.

Professor Xi Junyang, deputy director of the modern financial research center of Shanghai University of Finance and Economics, said.