Certain countries such as BVI, Samoa and Cayman etc have formulated some especially loose tax systems to attract worldwide investors coming to those countries for company incorporation. This kind of company is generally not subject to any tax, except an annual license fee, and it can be listed in other countries or regions. Therefore, it is usually the best choice for most of the multinational enterprises to carry out structural arrangement.

Advantages of Offshore Company

• No tax declaration or collection
• Maintain high privacy, identity of shareholders and directors need not be disclosed
• Submission of annual return, audit report ot financial statements not required
• No registered capital required

Use of offshore company

• Act as holding company
• Tax planning
• Multinational trading
• Investment purposes