Offshore company audit
Regarding the audit of offshore companies' accounts, some governments of offshore companies require offshore companies to make annual tax returns. For example, in Hong Kong, tax returns must be made in accordance with the accounting standards. The audit will then be conducted by the Hong Kong CPA and the audit report will be issued.
Some offshore governments do not require tax returns, but now bank of deposit, an offshore company, is more and more tightly regulated and subject to spot checks on offshore accounts, requiring offshore companies to improve their accounts. Provide audit reports audited by accountants, especially banks with accounts opened in Hong Kong. If complete accounts cannot be provided, then some of the functions of the enterprise accounts are frozen and the accounts are closed directly.
Therefore, the government does not require offshore companies to tax returns should also improve their own accounts, the annual standard audit, in order to ensure the normal operation of corporate accounts.
Offshore company advantage
1. Discretionary use of funds
2. Shielding trade party information
3. Facilitating capital operations
4. International acquisitions, overseas investments
5. Inward effective investment instruments
6. Retained profits, legal tax arrangements
7. Setting up the international brand image of the enterprise
Offshore company use
1. Tax planning
2. As a holding company
3. International trade
4. Business investment
5. Overseas listing