Hong Kong in international tax planning
Thanks to numerous taxation advantages, registering a company in Hong Kong is an effective and legal way to reduce taxation payments when conducting international trade, banking and other commercial activities in countries of the Asia-Pacific region. In the first place, this is achieved on account of the absence of taxation on profits which have been received outside the region, and in addition, to the availability of an agreement concerning the avoidance of double taxation payments with many countries worldwide.
The European economy will keep a moderate growth given that the business capacity of the EU’s main trading partners has crumbled, while the factors seen as favourable so far, have started vanishing.
Changing legislation of the British Virgin Islands will not make the offshore administration any more transparent. According to the sources of Midland Consult, owners of the companies registered in a popular offshore zone of the British Virgin Islands (BVI) recently received a letter with a requirement to disclose their company directors.