Frequently Asked Questions - Going Offshore

What's meant by Going Offshore?

What common mistakes people make when going offshore?

Is it illegal to move assets offshore?

Is it illegal to have Offshore bank accounts?

Isn't it going offshore only for the rich?

Can I move my existing business offshore?

Are there any other advantages besides tax?

Are the assets or funds safe offshore?

Can offshore investments/assets be protected against lawsuits and creditors?

Frequently Asked Questions - Incorporation Matters

Frequently Asked Questions - Going Offshore

Frequently Asked Questions - Annual Maintenance


What's meant by Going Offshore?

It is the utilisation of out of country corporations to legally safeguard assets, minimize taxes, plan for the future and take advantage of global investment opportunities.

What common mistakes people make when going offshore?

Proper structuring and managing of investments and transactions is the key to successful offshore investing. In addition, planning ahead or beforehand is important. Improperly structuring and managing investments can result in lower investment returns, significant risks, unnecessary tax liabilities and even civil and criminal penalties for the international investor.


Is it illegal to move assets offshore?

It is legal to have accounts, funds, reserves, liabilities, assets etc. almost anywhere in the world. Running business with offshore company is not illegal. When you do not declare assets or profits, that should be declared according to your domestic tax code, you are subject to certain penalties and fines or more. However, when you withhold information about your offshore investments is illegal in some countries.


Is it illegal to have Offshore bank accounts?

It is legal to have accounts and funds almost anywhere in the world. If the bank account is used for legal activities (under the laws of different countries) and there is no money laundering activities inside, having an offshore bank account is not illegal.


Isn't it going offshore only for the rich?

With the high quality of services available, offshore is now a relatively simple and affordable procedure for almost anyone.


Can I move my existing business offshore?

Some companies move parts of their business offshore almost immediately as separate subsidiaries and profit centres. However, some may balance-off with different parts of the businesses and the time may be extensive.


Are there any other advantages besides tax?

There are many other advantages such as: Anonymity, Asset Protection, Foreign Property Holding, Limiting of Liability, Unrestricted Flow of Capital, Asset Transfer, Estate Planning, Exchange Control, Global Trusts and Business Diversification, Group Strategy etc..


Are the assets or funds safe offshore?

Many financial experts believe that offshore investing when done through reputable companies is actually safer than investing onshore. Hong Kong or some other offshore jurisdictions, are having such characteristics; namely: stricter banking laws, sound financial system, pool of professions, lower costs of operation, lower taxation, conservative investment policies, minimum stockholder pressure and.... Additionally, further safety and protection of investments and assets against lawsuits and creditors can be achieved offshore.


Can offshore investments/assets be protected against lawsuits and creditors?

Complete protection of investments and assets from lawsuits and creditors can be achieved through properly structuring offshore investments and assets.

Our aim is to provide a comprehensive service to our clients in Hong Kong and offshore operations. If you find above helpful, please free to contact us.