The cost of setting up a company here is also very cheap. The reporter contacted "OFFSHOREINC", an intermediary company specializing in tax haven registration in new york. According to them, the minimum registration fee for setting up a company with a registered capital of less than $50,000 in Virgin England is $300. Plus the license fee and handling fee, the local government always charges $980, and then only needs to pay a business license renewal fee of $600 every year. These preferential conditions have attracted companies from all over the world to register here. At present, there are about 350,000 offshore companies registered on the island, and this number is increasing at the rate of 2,000 per month.
About 1000 companies registered in Virgin Britain are related to China. Some of them are actually private enterprises. If you register here and become a foreign-funded company, you can enjoy the state's tax incentives for foreign-funded enterprises. There are also some well-known enterprises familiar to readers who register here to achieve the purpose of overseas listing; In addition, in order to get rid of the obstruction of the authorities, some enterprises in Taiwan Province Province first transferred their funds to offshore companies registered in the British Virgin Islands, and then flowed into Chinese mainland by a detour.
About $500 billion to/kloc-0.5 trillion is converted through money laundering every year.
However, because these offshore financial centers have no foreign exchange control, high confidentiality and unrestricted capital transfer, they have also become the most rampant places for international money laundering. It is estimated that about $500 billion to $65,438+$0.5 trillion is converted through money laundering every year. No wonder after the "9. 1 1" incident, some people criticized these places for helping terrorists a lot. On June 26th, 2000, the OECD published a report entitled "The Process of Identifying and Eliminating Harmful Tax Acts", which blacklisted 35 countries and regions, and the British Virgin Islands was on the list. Under the international pressure, British Virgin Company recently revised the company law. There are two main changes in the new regulations: first, the bearer share system is abolished, bearer shares must be kept by the custodian, and the company must provide the information of the ultimate beneficiary to the government; Second, if the government thinks that a company or account is suspected of money laundering, the information of offshore companies must be made public after the local Supreme Court issues a search warrant.
Tax havens are very small countries and regions.
Robert, a lawyer who is proficient in tax arrangements, believes that the revision of the rules of Virgin Britain is actually a gesture of pressure, and its revision part is "very clever". As long as the enterprise issues registered shares instead, it can avoid the restrictions of custody regulations. As for the disclosure of account and company information, it is conditional, that is, it is suspected of money laundering and a search warrant is required, so it will not cause too much interference to law-abiding companies. However, he also believes that the British Virgin Company's revision of investment regulations has indeed given competitors a chance to catch up.
In addition to the British Virgin Islands, world-famous "tax havens" include Bermuda, Cayman Islands, Samoa in the South Pacific and Belize in Central America. These tax havens are very small countries and regions with scarce natural resources and weak economic foundation, so they have to relax their control to attract investment. The competition between them is also fierce. Now conditions in Samoa and Belize are more favorable. It only costs $960 to register a company in Samoa. Therefore, when "OFFSHOREINC" recommends to customers, it gives Samoa five stars, Belize four stars and Virgin Samsung.
Authorities told reporters that Virgin Britain is the second largest source of foreign investment in China. After the amendment of the regulations, foreign investment from the island may decrease, but this will not affect China's attraction of foreign investment. Belize or Samoa may become the main source of our foreign investment. As long as the investment environment in China remains unchanged, the overall situation of attracting foreign investment will not be greatly affected.