 |
Most
of offshore companies enjoy favorable tax treatment. Offshore
companies in general do not have to pay any taxes to the
local government but only a fixed annual government fee; |
|
Bank
accounts under offshore companies' names can be opened
with most of the international banks, such as HSBC, Standard
& Charted Bank and BNP Paribas, etc. |
|
Offshore
jurisdictions in general have no foreign exchange controls
which allow offshore companies to remit funds in and out
of the countries freely; |
|
Offshore companies
enjoy high degree of confidentialities as companies' information
such as directors and shareholders' details are protected
by local laws; |
