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My personal view is that Hong Kong is far superior to Cyprus. This is primarily based in the fact that Hong Kong is growing at a phenomenal rate and is linked to the China business juggernaut. Hong Kong is also very well respected as one of the major business centres of the world. See the...

Answers to the questions above: 1. Yes. But it will be more difficult to obtain the bank account in Hong Kong using only a Seychelles based company. It will be much easier to open the Hong Kong bank account if you have a Hong Kong company (which in turn is owned by the Seychelles company)...

see below for answers Last edited by a moderator: Jan 29, 2013

What is the progress with all of this?

What is your company website?

I believe that you are incorrect. Perhaps you would like to explain what "correct documentation" would over-ride the very strict provisions relating to the powers and responsibilities of Company Directors under the various Corporations law The quote above is incorrect on so many levels. 1. No...

In order to properly advise you, please give us more information: 1. where are the majority of your customers located? Europe, USA or Asia? 2. Also do you sell a "physical" product that can be easily tracked (through shipping records, etc)? "Product" sales are much easier to be assessed by...

Depends on how the company was set up. Admin says that these Russians are fraudsters so I would doubt that you have anything that is safe to use.

It would mean: 1. That if the nominee is a signatory to your new company bank account, then your bank account will be emptied. 2. That if the company was actually registered in the name of the Nominee Directors and shareholders, meaning that you have no company at all. You have nothing. 3...

The risk of using Nominee Directors and Nominee Shareholders has far too much inherent risk. I would never allow access to my local bank account by anyone else. And so I would never allow access to my offshore bank accounts by a stranger (nominee Director/shareholder) Yes they can. They...

Firstly, Hong Kong is one of the major business centers in the world (behind New York and London), so it gives great credilbility and respectability to your company. Secondly, Leichenstein would be considered a tax haven. It would also be more difficult to open a bank account for your Hong...

I have numbered your questions to make it easier to answer: 1. The companies would not be tied together. The two companies are two separate legal entities that are trading with each other. 2. Not necessary and too complex. You do not need to set up a new company in Peru. Also, if you did set...

Without knowing what how your wife and you are actually working and whether you have customers in the UK, I would be amazed if you would be able to claim a company car in England for a company that is operating in Peru. The Tax code says basically that to claim a company car, then the car must...

I have not heard of a "limited anon company" before. I assume that it is a Peru version of a non-recourse "limited liability company". A quick and dirty solution to your problem would be to establish a company in a low tax jurisdiction. (My preferred option is Hong Kong because all revenue...

In order to properly advise you, what nationality are you and in which country is the company located? Where are the majority of your customers located? Europe, USA or Asia? Are you a Director and /or shareholder of the company? Also do you sell a "physical" product that can be easily...

If the taxes have all been paid by the onshore company, then why would you want to transfer the funds to an offshore company? (the taxes have all been paid!) And why try to use the funds from the offshore company for personal expenses? (the taxes have all been paid!) PLUS First of all, you...

Using a Nominee Director and/or Nominee Shareholder is very dangerous. The nominee shareholder /nominee director of a company LEGALLY own and control the company under ALL Company law in EVERY country. If you have a Nominee Director / Shareholder of your company then the banks will INSIST on...

So what new additional costs are we looking at to get the old companies replaced and to form new ones?

You have to be careful with this. You must use the "loan" money to buy assets (eg Property). If you use it to pay for your normal living expenses (wine, women, cars and music), your government will say that it is NOT a loan but that the money is income. (In which case your government will tax...

Which banks do you use? How do you open the accounts (without the clients going in to HK and meeting the banks)? Last edited by a moderator: Nov 19, 2012