Bowman Offshore Bank Transfers What are the best offshore jurisdictions? | Page 3

Furthermore, payments on dividends, royalties, interests, and technical and management fees are exempt from
withholding taxes.
A Labuan company may trade with Malaysian residents but transactions must be reported to the Labuan authorities
and profits arising from those transactions may be subject to the Malaysian corporate income tax standard rate which
is 24%.
Labuan is ideal for import-export businesses. As it has a free-port status, indirect taxes do not apply. Stamp duty is
also exempted on all instruments executed by a Labuan entity in connection with its Labuan business activity.
In addition, Labuan incorporated entities may benefit from some of the tax treaties that Malaysia has concluded.
Expatriate directors and employees of a Labuan company can secure a 2-year multi-entry business visa, together with
their dependents and directors might enjoy a 100% tax exemption on their salary income.
In summary, the Labuan private limited company is an excellent vehicle for ASEAN market entry, fund management,
group holding company, IP holding, tax structuring, international trade and professional services, among others.
Hong Kong Co., Ltd
Hong Kong is a vibrant, densely populated urban center with a skyscraper-studded skyline and is a major regional
free trade port and a global financial hub.
This jurisdiction has one of the most liberal, competitive and laissez-faire economies worldwide. Characterized by
simple taxation with a competitive level corporate tax rate of 16.5%, capital gains and dividends free from taxes, no
sales tax and no customs duties.
Although there is no specific legislation for international companies due to its territorial tax system, a correctly
structured and managed company may qualify for a 0% tax for its business carried out outside the jurisdiction.
HK is supported by a legal system derived from Common Law, which is very scrupulous in respect of private property
and an independent judicial system in which the rule of law applies to legal and contractual procedures.
A high international reputation and business-friendly jurisdiction provides a great atmosphere to establish companies
and it can be done in one week from the comfort of your couch.
You will be required to hire a Hong Kong certified public accountant to submit yearly audited financial statements to
the IRB, but prices are competitive. However, it might be useful to have your accounts pristine and properly audited
if, for instance, you are looking for funding.
Hong Kong is also one of the safest and convenient places to do banking. Being home of some of the most solid banks
worldwide with the highest levels of solvency and liquidity. No exchange controls and availability of multi-currency
accounts, merchant accounts and payment processing services.
In addition, it is the gateway of one of the largest and fastest-growing markets worldwide, China. The Closer
Economic Partnership Arrangement (CEPA) provides that companies incorporated in Hong Kong will have
preferential access for goods and services entering the mainland Chinese market.
Hong Kong is an excellent jurisdiction to incorporate and its Ltd Co is a powerful vehicle for international trade, start-
ups, and internet entrepreneurs and as a holding company.
Singapore Pte Ltd
Singapore is the trading hub of Southeast Asia. Home of the busiest port in the world, Singapore is a developed
country in one of the fastest growing regional economies.
It has enormous potential for startups and internet entrepreneurs from all over the world. The country fosters
entrepreneurship and the government supports the free market.
One of the most advantageous parts of doing business and setting up a company in Singapore is the clear and
transparent tax scheme and the availability of several tax breaks and incentives for startups and technological
innovation.