Information About Offshore Zones – Singapore and Hong Kong S.A.R..

The lessons of socio-economic geography of the 10 class, it shed more light on a topic such as offshore companies and offshore countries.
The first lessons in September, we pass on the typology of countries around the world, and, of course, referring to the newly industrialized countries.

Speaking about the achievements of Korea, Singapore and Hong Kong, it is necessary to focus not only on the fact that these countries are producing electronic equipment and serve foreign ships that use Southeast Asia as the largest logistics centre for the redistribution of goods, but also to familiarize with the information on registration of offshore companies in those countries.

In General, the notion of what students can receive and the economy, but the relationship of subjects should be clear, but because the geography topic buying and selling ready made offshore companies only complement and deepen the students ' knowledge. By definition, offshore it companies which are established in the so-called offshore zones. Today offshore enterprises is a fairly easy process, just need to know which package of documents needed for the registration of out, and what types of taxes will pay your future offshore firm.

Take for example two jurisdictions-Singapore and Hong Kong S.A.R..

Singapore

In Singapore, be sure to call the one Managing Director, cost of services of which ranges from s $ 3000. In doing so, we need another and a bond in the same amount. If you bring into Singapore Finance earned an offshore company, they are taxed in the country. But the country is making every effort to ensure that the offshore company is not exposed to double taxation – the State has agreed to this with many countries of the world.

Hong Kong S.A.R

Open joint-stock company in Hong Kong couldn't be simpler – you need only 2 shareholders. One of the directors, as in Singapore, should be the representative of Hong Kong. When importing an offshore company capital earned outside Hong Kong, it is subject to local taxes. Another advantage that you need to know is that you can submit a declaration, if not earned, in such a case, the company fully exempt from tax for the reporting period.