Looking for exciting and international opportunities is everyone’s dream for their business and you can also bring that opportunity at your doorstep by forming an offshore company. Talking about Offshore companies will increase your understanding. An Offshore company is a corporation, limited liability Company, or any other corporate entity which is formed in a foreign country. This type of company only operates outside its country where it is formed. Most of you are willing to look at your all business work beyond once National Boundaries then; firstly you need to open an Offshore corporate account.
It is also called an Offshore business account. You will conduct all the business activities and you will enjoy all banking assistance also. You can open a corporate account in the name of your company and take various benefits which are provided by banks in the UK. Moreover, This can also save you time when you need to convert currency.
Many countries offer offshore company account formation with minimum document verification. You can easily open your corporate account for example - if you open Offshore corporate account in the UK then you can assess the long list of benefit which are as follows –
Hold Money in a Variety of Currencies:
There is no need to get rich for opening an Offshore corporate account in the UK. Basically, this facility is enjoyed by the account holder because you can earn more money and can buy property abroad easily. You can also conveniently do your routine transaction without maintaining minimum balance in your Offshore corporate account. Even no extra charges and Annual fees will be charged from you.
Enjoy Major Tax Laws:
By opening an offshore corporate account you can enjoy various relaxation and tax benefits of that country. Offshore corporate account holders have not to pay huge taxes when you locate your new business overseas. In short, you can save more money in your account by paying no or less amount of tax to the government to other nations.
24 × 7 Wide Accesses:
An Offshore corporate account in the UK offers free international transactions and you can access your account 24 × 7 anytime and anywhere. Through internet and phone banking you can enjoy easy money transactions quickly even while sitting at your home. You can also use debit and credit cards without paying any cost.
Interest Paying Account:
In some of the countries you will not get any interest in holding a corporate account but in the UK you will offer a huge interest rate on a business account. if you open this account you will get a high amount of interest and you can increase your bank balance also.
Though domestic banks often deny the businesses dealing in high-risk, the offshore banks and merchant account processors offer a solution to their payment processing.
eMerchant Pro offers a reliable opportunity for merchants to get a business account with no hassle.
So if you are seeking an effective solution you can consider offshore solutions to move your high-risk business without any disruption.Credit card processing a way to enhancement If you are a merchant then best option lies for you is to go for credit card processing facility.
Credit cards with Offshore Merchant Account offer a speedy transaction to all the businesses whether you are going for tobacco, e-cigarettes or any other.
Many businesses feel safe with credit cards as they are reliable in processing the payment from customers.
There are diverse credit cards meant to improve your business and this is possible with the help of offshore solutions.
Hong Kong tax and accountancy are based upon British standards, and as such are similar to that which you may already be familiar with in the West.
Offshore bank account hong kongHong Kong requires that all businesses file an annual tax return on their profits with the HK Inland Revenue, and undergo an annual accounts audit performed by an independent CPA.Hong Kong takes accounting and tax fraud very seriously, with strict sanctions for offenders from the local government and banks.
Therefore it’s crucial that your accounts are filed professionally and attentively to mitigate any issues you may have arising from the annual accounts audit you’ll be required to undertake.Benefits You'll Get From Outsourcing Accounting & TaxesHere's what we do to help you manage your Hong Kong company's tax & accounting:Set up a compliant accounting system for your companyMonthly bookkeeping handledAccurate quarterly and annual financial statements (including income statement and balance sheet) preparedAn accurate assessment of how much tax should be paidIndividual income tax forms for staff and managementConsultation on financial planning (including tax and cost control)All information is provided in EnglishReduce the potential overhead of hiring full-time accounting staffHong Kong Annual Accounts AuditingYour Hong Kong company must have its accounts audited by a certified public accountant (CPA) each year.
Oftentimes it is difficult to know whether the CPAs available are good value, efficient, vigilant, and get good results.Their compliance report could have far-reaching consequences on your business, such as the ability to get business loans, affecting government trust, and being able to claim 0% tax on revenues from outside of Hong Kong, so it is crucial that your auditor is an expert who understands your business.Datar Business Services remove the uncertainty and save your company time, by only partnering with some of the best CPAs in Hong Kong, who we can guarantee have dealt with many businesses like yours, are willing to listen to you, and who understand your business situation.Benefits You’ll Get From This ServiceBy letting Datar Business Services arrange and oversee your annual Hong Kong company audit, you’ll:Have more time to focus on businessBe assured of a top Hong Kong CPA undertaking the auditHave peace of mind that you will be in 'good standing' with local government and banksGet feedback on the audit in plain EnglishHave the option of consulting with our Hong Kong accounting and tax experts should your business require it following the audit.
