Hong Kong banks are the future residence of those seeking is asset protection. Banking and corporate law in this area offer many attractive features and advantages for asset protection.
A September 22, 2010 New York Times article entitled "Seeking Bank Secrecy in Asia" implied Hong Kong and Singapore were the new authorities of selection for those seeking overseas banking accounts which are safe, protected and opaque.
This article quotes Richard Murphy, a creator of the British Research organization Tax Justice Network, as saying, "Singapore is where the Swiss can now find the banking secrecy they have lost at home and Hong Kong is a close second."
A September 22, 2010 New York Times article entitled "Seeking Bank Secrecy in Asia" implied Hong Kong and Singapore were the new authorities of selection for those seeking overseas banking accounts which are safe, protected and opaque.
This article quotes Richard Murphy, a creator of the British Research organization Tax Justice Network, as saying, "Singapore is where the Swiss can now find the banking secrecy they have lost at home and Hong Kong is a close second."
Asset Protection in Hong Kong Banks
The Hong Kong Financial Services and Treasury Bureau, certainly doesn't consider this area as an international tax haven for those attempting to evade taxes within their home countries. Instead the Bureau considers it as an attractive jurisdiction for foreign investors and companies due to the area's easy and honest company banking and tax policies.
Moreover, there is the advantage of no tax on capital gains or deposit interest, and corporations are only taxed on income made in the real area.
The local Hong Kong authorities even supplies bank insurance for bank accounts. During the present fiscal disaster the authorities guaranteed bank accounts with no maximum account limitation. On the other hand, the limitations on the quantity of the deposits insured by government insurance may be reinstated as the disaster facilitates so check with the bank before starting an account to discover the maximum deposit insured by government insurance. You may discover that it's advantageous to start greater than one account if your deposits exceed the limit.
Many locate the skill to create Hong Kong bank accounts and hold assets in various monies a huge edge in today's chaotic financial markets. Most of H.K's banks also offer online banking including transferring funds between accounts and monies online.what is offshore banking
The Hong Kong Financial Services and Treasury Bureau, certainly doesn't consider this area as an international tax haven for those attempting to evade taxes within their home countries. Instead the Bureau considers it as an attractive jurisdiction for foreign investors and companies due to the area's easy and honest company banking and tax policies.
Moreover, there is the advantage of no tax on capital gains or deposit interest, and corporations are only taxed on income made in the real area.
The local Hong Kong authorities even supplies bank insurance for bank accounts. During the present fiscal disaster the authorities guaranteed bank accounts with no maximum account limitation. On the other hand, the limitations on the quantity of the deposits insured by government insurance may be reinstated as the disaster facilitates so check with the bank before starting an account to discover the maximum deposit insured by government insurance. You may discover that it's advantageous to start greater than one account if your deposits exceed the limit.
Many locate the skill to create Hong Kong bank accounts and hold assets in various monies a huge edge in today's chaotic financial markets. Most of H.K's banks also offer online banking including transferring funds between accounts and monies online.what is offshore banking