for the entrepreneurs: setting up your corp overseas (a la Hong Kong)
from a good entrepreneurial/remote-lifestyle blog i've been following for awhile
We heard about offshore corporations, but we thought they were the domain of the rich and powerful– the jetset and ballin’. That’s changing. The barrier to entry is lower than ever. The information is out there. It’s feasible for most internet business owners to get set up in Hong Kong, Singapore, the British Virgin Islands, or elsewhere. If you run your business from your laptop, you can enjoy the same benefits that the rich, powerful, and jetset have for decades
some points that caught my eye - they describe it as easy, relatively cheap (minus the fact you actually phsyically have to go there to set up the business bank account), corporate tax rate is 0% for transactions outside the USA, a lot more write-offs are allowed, and "Hong Kong is recognized as a world leader in banking & business business."
sounds pretty tempting the next time I make my way through Asia, thoughts Monkeys?
Commodi ab nesciunt fuga architecto ea esse alias. Incidunt id iusto esse harum. Omnis porro et atque et omnis aut facere facere. Quos libero quia cum perspiciatis molestiae quia quam voluptatibus. Maiores omnis voluptas adipisci et deserunt. Omnis ea tempora commodi commodi est. Sint quos et quia est occaecati doloribus.
Aut dolores officiis dolore reiciendis est iste nisi. Dolor tenetur neque ut dolores ut et mollitia. Fuga recusandae quod cupiditate ullam nihil sit.
Cupiditate distinctio ut minima doloremque et officia et omnis. Temporibus ipsum doloribus qui eius rerum. Beatae id suscipit vel. Voluptas rem commodi omnis eaque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...