Case:       

Client has a company in India and wants to open up a new company in China in a lower cost.

Brief Facts:      

Client has a company in India operating in Insurance industry. Client is planning on opening up a company in China as he had a huge expectation on China's market after his research. As client is a wise businessman, he tries to limit the property tax and profit tax as much as possible and he knows that opening an offshore company is the best way. Because of our professionalism of offshore company, client asks for our assistance.

Our Approach: 

By asking about client's preference, she has two options, BVI or Seychelles. But considering that client wants to set up a company in China, Seychelles is highly recommended to client. Seychelles is the only offshore-allowed country which has double tax-avoidance agreement with China. Instead of 10% of provision for income tax, having a Seychelles offshore company to manage China company only requires 5% of the provision for income tax. What's more, it does not imply any requirement on the proportion of shares' ownership in order to enjoy the 5% benefit.

Results:    

As opening a Seychelles offshore company is at the cheapest cost than other similar programs like BVI, client decides to open a Seychelles offshore company for the setup of her China company opening.