TAX HAVEN COMPANY FORMATION

Why set-up a tax haven company?
While Hong Kong taxes are low, companies incorporated in tax havens such as M.I. (Marshall Islands) or B.V.I. (British Virgin Islands) are tax exempt. Advantages to the establishment of a tax haven company include:

(1) Tax free operations.
(2) Inexpensive set-up and operating costs.
(3) No disclosure requirements for shareholders.
(4) No disclosure requirements for directors.
(5) Limited individual liability. Corporate directors are permitted.
(6) No taxes on share transfers. Bearer shares are permitted.
(7) No foreign exchange controls.
(8) No audit or other financial reporting requirements.
(9) No requirements for the hiring of employees or the establishment of an office in any particular location.