Offshoresimple

Description

"Client" means the person who has requested OffshoreSimple Inc. to provide services or any other person who has agreed to pay for services or has previously remitted payment for those services. "Company" means any one or more companies or trusts for which the Client has asked OffshoreSimple Inc. to provide services. "Person" shall include, as far as the context admits, any person, firm company or other body incorporated or unincorporated. "Services" means any company formation, management, documentary, trust or trustee services, administration service, or any other provision of a service provided to the Client or his Company or a trust for or on behalf of the Client. "Trust" means any trust or settlement established or administered for or on behalf of the client. Words importing one gender include all other genders and words importing the singular include the plural and vice versa.

OTHER PROVISIONS : So that OffshoreSimple Inc. may at all times be able to contact the Client should the need arise, the Client hereby agrees to inform OffshoreSimple Inc. immediately upon changing his usual email address, business address or residential address or telephone or fax number. All instructions or requests for action shall be transmitted to OffshoreSimple Inc. by the Client in writing. OffshoreSimple Inc. may, at its discretion, agree to action any request or instruction given otherwise than in writing only on the express understanding that OffshoreSimple Inc. shall not be liable in respect of any misunderstanding or error occasioned in processing such action or request acted upon in good faith. All communications in relation to the administration of the Company shall be deemed to have been properly communicated to the Client, including sending of the annual renewal notice and yearly invoice, if sent to the address notified to OffshoreSimple Inc. by the Client in accordance with these Conditions of Business and all such communications shall be deemed to have been properly received by the Client seven (7) days after posting such communication to the Client.

Our unique approach offers many advantages to the customer. It increases efficiency and cost-effectiveness by avoiding cumbersome and time-consuming consultation with different service providers. Since our professionals operate worldwide, they are up-to-date with the latest innovations in the industry and help investors avoid the potential risks of dealing with brokers or middlemen. Our objective is to provide service that is both of a high standard to meet the exacting requirements of the most sophisticated institutional client and yet affordable and accessible to even the modest investor.

Many offshore banking institutions have been established in tax havens in recent years. Many of these institutions are subsidiaries of major international banks. Such institutions pay interest free of withholding tax and engage in international financing from offshore bases which are free from exchange controls. Such banking institutions and their associated trust companies are able to provide a wide range of financial services to their international clientele. Offshore banking institutions are also used by the smaller business Organisation and indeed in some cases by individual owners to act as offshore cash management centres. In the past, certain offshore centres such as Montserrat and Anguilla have lacked the supervision which should accompany the setting up of smaller banking institutions. Indeed the British Government introduced a moratorium on the setting up of banking institutions in its Caribbean dependencies until such time as adequate legislation had been brought in and bank supervisors appointed. Of these jurisdictions one of the first to meet British Government requirements was the Turks and Caicos Islands.

Accounting, Auditing and Tax Compliances 1. Filing and Reporting Requirements (imposed by Hong Kong Inland Revenue Ordinance) (1) Filing of Profits Tax Return The Profits Tax Return is for you to report the net income of your Hong Kong company to the Hong Kong tax authority so as to enable them to assess tax payable of your Hong Kong company. The first thing to do is select a year end. If no other reason, we suggest 31st March. As your company starts not on 1st April, your first year will not has exactly 12 months of record. The first set of Profits Tax Return will arrive around 18 months after your incorporation. However, please don't delay in doing accounting, auditing and report proactively to the IRD.

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