(In the hope of getting some feedback from experts on the matter)
Dear All,
I'm a EU citizen and I have incorporated a company in Hong Kong 6 years ago. It is a legit business related with textiles (import & export to and from Europe/Midlle-East and Far-East), and more recently, also on Personal Protective Equipment. I hold both corporate and personal accounts.
The company has reached a time where it needs to expand to at least 1 more jurisdiction, so the eggs can be properly distributed. I have been reading a lot (whatever is available other then with the thousands Agent Companies online), and have compared Belize, Costa Rica, BVI, Panama, Bahamas and Cayman. I left asside the Eastern, European and African offshore jurisdictions, so my preference would go to Central America or Caribbean options (Can be the ones I mentioned or others). I would like to have your opinion based on the following requirements:
- Besides the current businesses, I would like to create an online business (selling consumer goods), mainly to American and European countries (The physical
- A possibility is also a Marketing affiliate business;
- I would like to invest in real state. Initially buy a house or a condo, where I can spend 3/4 weeks a year and rent in during the remaining period (This is the reason why I haven't previously sellected Nevis or Dominica);
- Obtain a passport from that jurisdiction (linked to the previous item off course);
- Company yearly maintenance costs should be bellow 2k;
- Capital requirement bellow 50k;
- Coporate tax, dividends tax: 0%
- Return for low risk investment around 4%/year (I used to have this in HK);
- Company opening can be made online or presencially, although it would be good the first one as travelling is limited now due to COVID-19;
- Reliable jurisdiction and stable government (this is what we all want, right?)
Besides what I have mentioned above, one of the reasons to look for an alternative is the escalation of China dominance over HK.
I can also consider to open a subsidiary company other then a total independent one. What do you suggest? What would be the pros and cons?
Considering bearer shares are no longer available in the majority of the jurisdictions, what would be the alternative other then the nominee director and shareholder?
Thank you so much.
Dear All,
I'm a EU citizen and I have incorporated a company in Hong Kong 6 years ago. It is a legit business related with textiles (import & export to and from Europe/Midlle-East and Far-East), and more recently, also on Personal Protective Equipment. I hold both corporate and personal accounts.
The company has reached a time where it needs to expand to at least 1 more jurisdiction, so the eggs can be properly distributed. I have been reading a lot (whatever is available other then with the thousands Agent Companies online), and have compared Belize, Costa Rica, BVI, Panama, Bahamas and Cayman. I left asside the Eastern, European and African offshore jurisdictions, so my preference would go to Central America or Caribbean options (Can be the ones I mentioned or others). I would like to have your opinion based on the following requirements:
- Besides the current businesses, I would like to create an online business (selling consumer goods), mainly to American and European countries (The physical
- A possibility is also a Marketing affiliate business;
- I would like to invest in real state. Initially buy a house or a condo, where I can spend 3/4 weeks a year and rent in during the remaining period (This is the reason why I haven't previously sellected Nevis or Dominica);
- Obtain a passport from that jurisdiction (linked to the previous item off course);
- Company yearly maintenance costs should be bellow 2k;
- Capital requirement bellow 50k;
- Coporate tax, dividends tax: 0%
- Return for low risk investment around 4%/year (I used to have this in HK);
- Company opening can be made online or presencially, although it would be good the first one as travelling is limited now due to COVID-19;
- Reliable jurisdiction and stable government (this is what we all want, right?)
Besides what I have mentioned above, one of the reasons to look for an alternative is the escalation of China dominance over HK.
I can also consider to open a subsidiary company other then a total independent one. What do you suggest? What would be the pros and cons?
Considering bearer shares are no longer available in the majority of the jurisdictions, what would be the alternative other then the nominee director and shareholder?
Thank you so much.
