News Update

As President Trump's "Fair and Reciprocal Plan" takes effect in 2025, businesses around the world are bracing for profound disruption. The sweeping tariff hikes on imports into the United States are reshaping global trade dynamics, increasing operational costs, and forcing companies to rethink their international strategies.

For global business owners with offshore companies in Hong Kong, a key question is raised: Do U.S. tariffs on China impact Hong Kong offshore companies?

The short answer is — not directly.

The Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule (IFR), which narrows the requirements of Beneficial Ownership Information Reporting (BOIR) under the Corporate Transparency Act (CTA).  

This rule is effective on March 26, 2025. Detailed information about the IFR is as follows.

Embarking on the journey to open an offshore consulting firm can be an exciting opportunity, and it becomes even more advantageous when you leverage the benefits of offshore tax solutions. This guide will walk you through the steps to set up your consulting business with offshore tax benefits successfully.

Over the years, Hong Kong has remained one of the most attractive jurisdictions for offshore companies due to its business-friendly environment and famous legal framework. All offshore companies incorporated in Hong Kong must comply with specific regulations related to financial audits. If you plan to form an offshore company in Hong Kong, it is important to understand the auditing requirements to avoid the risk of incorrect tax filings. This article will provide a comprehensive overview of the updated audit requirements for offshore companies in Hong Kong.

In recent years, Panama has become famous for being one of the most crypto-friendly countries in Latin America. With its economic stability and forward-thinking regulations, Panama offers an ideal environment for cryptocurrency business owners and investors. Here are some key reasons why Panama is considered as a haven for cryptocurrency.

When starting an international business, it is important to decide whether to establish an offshore company or an onshore company. Both types of companies have their own advantages and disadvantages, depending on the business goals and needs. In this article, we will analyze the differences between offshore companies and onshore companies to help you make the best choice for your business.

Under the BVI Business Companies Act, the filing of a UBO Declaration is mandatory for all BVI Offshore Companies. This requirement applies to both new and existing offshore companies, and it is an essential part of the company incorporation process. Below is what you need to know about filing the UBO Declaration when forming an offshore company in BVI.

Important update for Seychelles company increasing fee due to increasing compliance risks and reporting requirements by regulatory bodies

This article explores the top offshore countries that are particularly advantageous to starting an online business, highlighting key factors such as tax benefits, privacy protections, annual compliance and the availability of banking infrastructure and payment gateways. By understanding these advantages, entrepreneurs can make informed decisions to optimize their operations and position themselves for long-term success in the competitive online marketplace.