What Are The Secrets Of Hot Off Shore Company Registration?

Over the past 10 years, many domestic enterprises or entrepreneurs have set up their own companies overseas.

Here, let's sort out the laws and regulations governing the maintenance and management of major overseas state companies.

1. Hongkong

Hongkong company allows no business and allows shell companies to exist.

If there is a business, we must do accounts, audit, audit and file tax returns.

Companies that do not have business do not need to do audit of accounts, and declare tax directly.

Hongkong usually refers to the company's profits tax in December 31st and March 31st.

The annual registration of Hongkong company after registration is 1st anniversary, if not

There will be a corresponding fine. The longer the time is, the heavier the penalty. If the circumstances are serious, the company and its senior officers will be prosecuted. If convicted, they may be punished.

Two, Britain

After the incorporation of a British company, it is necessary to register with the INLAND REVENUE and provide annual inspection reports to the official management department (COMPANIESHOUSE) annually. If there is any change in the company's information, it must be declared in time.

The annual inspection time is usually calculated from the date of the establishment of the company, and the annual inspection begins one month before the expiration of the year. After the expiration of the time, the annual fee is not paid. The registration department will automatically cancel the account and affect the account usage.

The audited report is required only if the annual turnover, total assets and the number of employees meet certain standards.

The company needs to provide annual financial and tax reports to the financial departments in each fiscal year. The first year of the new company usually receives two tax forms, which are separately declared before and after the operation. The financial statements need to be completed within nine months after the financial year, and the income tax is required within twelve months.

If sales reach a certain standard, the company should apply for VAT declaration.

Three, the United States

One year after the registration of the US company, the relevant documents need to be submitted to the government for annual review.

After registered with US companies, they operate in the US. They need to hire American accountants to do accounts, pay taxes according to the relevant tax laws (federal tax, state tax and local tax); if they do not operate in the United States, they do not have to trade with the United States, and do not have to pay accounts or pay taxes, but they still need to submit tax returns for zero reporting.

The deadline for paying taxes every year is April 15th, which will be fined or even violated by law.

The United States Treasury Department of Taxation every year will randomly check a certain number of tax forms, illegal tax evasion and tax evasion once found out, in addition to pay several times a huge fine, may also be sentenced to prison.

Four, Singapore

All in

Companies established need accounting to do their accounts, prepare accounts in accordance with the Singapore accounting standards (SFRS), prepare English financial statements, and report the estimated tax to the tax bureau within three months after the end of the accounting year.

Audited accounts for annual turnover, total assets and number of employees must be audited; financial statements and audits must be completed before the annual general meeting of shareholders (AGM), and fines will be overdue.

Singapore companies must submit annual record of annual general meeting to the registration board (AGM) annually, not exceeding the 15 month of the last annual meeting (within 18 months of the new company). For general companies, the annual report (Annual Return) must be submitted within 6 months after the issuance of the financial statements (within 4 months of the public company), and any non-compliance is illegal and will be punished accordingly.

The company must declare the company income tax of the previous year before November 30th of each year.

The retrospective period is five years. From the relevant tax assessment year, the company must keep the relevant accounting information for at least five years.

Five. Offshore islands companies

Offshore islands include: BVI, Marshall, Belize, Cayman Company Incorporation, Seychelles, Panama, Anguilla and so on.

Offshore islands companies do not have audit filing requirements.

But annual inspection (renewal) is required and a certain fee is paid.

It is expected that the company will be locked up without paying the renewal fee.