Why do international traders need small country passports? Are offshore companies really good?

The statement also stipulates the relevant information provided by the Cayman entity bank to its direct headquarters, ultimate headquarters and ultimate beneficiaries, including the city where its tax resident jurisdiction is located. According to the provisions of the Cayman Islands Economic Entity Law, the above data will be used for information exchange between the Cayman Islands Tax Bureau and the competent tax authorities of the tax resident jurisdiction of the head office and the ultimate beneficiary.

In addition to some necessary information, the report also stipulates that the Cayman entity shall establish the city where the tax-paying residential area is located, and confirm in writing in the form that all the income from its related activities is in the tax-paying residential area, and shall pay enterprise income tax according to the tax-paying residential area, business premises or other similar norms. When applying for a report online through the portal of the Bureau of International Tax Cooperation, it is necessary to submit comprehensive direct evidence to prove that it meets the requirements of non-residents at the same time.

What is an offshore company? "Offshore company" refers to an enterprise operated by a company that is not registered locally; Its establishment is completely in accordance with the local registration application procedures; Controlled by the local bankruptcy law applying for registration. Refers to a limited liability company or a limited liability company established in an offshore jurisdiction. For example, British Virgin Islands, Seychelles, Panama and so on. International personnel can establish offshore commercial enterprises in this country. The connotation of "offshore account" means that the registered company of the investor is within the jurisdiction of offshore account, but the investor does not need to visit the local area, and its work can be carried out immediately from all over the world. For example, applying for registration as a trading company in Bahamas, but its trading business can be conducted between Europe and America.

The globalization of business service economy does not mean that only citizens of China, the host country, can register companies in the host country, but only companies registered by citizens of China, the host country, can get a series of tax relief, such as value-added tax, consumption tax and individual tax. And entering the China sales market in the name of an overseas company, you can also get the preferential treatment of the current policy, which saves more time and effort for the entry and exit of funds, and is very useful for people engaged in business all over the world.