Offshore Company Incorporation
From the Hong Kong prospect, all other companies incorporated in other jurisdictions are classified as Offshore Companies. Most popular jurisdictions are those of British Virgin Islands, Seychelles Islands, Samoa, Macau, New York.
Reasons to have an Offshore Company
- Ownership Privacy: Normally, company director and shareholder’s information does not available for public search.
- Exemption of Statutory Audit: Under BVI Business Companies Act, statutory audit is not required. it’s wholly under the management’s discretion to prepare an audited financial statements or not.
- Change of ownership and directorship is simple and low cost: Change of ownership and directorship is effective on the passing of shareholder or director resolutions