Instead of penalizing and outlawing international business companies, Zetland Corporate Services, a leading company formation service, has long been advocating simple market competition. The position of the business consultancy service has recently been repeated by a white paper from the British Institute of Directors.
Zetland Corporate Services, a leading offshore investment management service, has long held the position that offshore investment business has a role to play in a healthy global economy.
The sentiment was recently echoed in a paper by the British Institute of Directors encouraging the UK government to use tax rules encouraging holding of assets in the UK, instead of aiming to punish those who use international investment management services.
"Free market forces have built some of the greatest economies in the entire history of the world", said Jason Weatherhead of Zetland Corporate Services. "Yet some major world governments can't see how allowing those free market forces on an international level, instead of treating IBC owners punitively, is a much sounder long-term strategy all round".
The British Institute of Directors agrees, saying that if offshore tax avoidance is defeated, countries would no longer feel obligated to reduce their own burden on their businesses. "The resulting burdens on business will in due course slow economic growth", said the report.
Other key points of the report included:
•Aggressive action by governments to keep money onshore is actually
counterproductive
•Abolishing offshore investment businesses would effectively make a cartel of
every government
•Developing countries would attract less investment and possibly need more
humanitarian aid
•Low tax jurisdictions "can oil the wheels of commerce" (from the report)
About Zetland Corporate Services:
The Hong Kong Financial Group http://www.zetland.biz -zetland provides the offshore investor with fiduciary Services, investment management and corporate advisory services, offering personal service and professional advice with total confidentiality.
For more information please contact:
Jason Weatherhead
Zetland Fiduciary Group
Email: jason ( @ ) zetland dot biz
Website: http://www.zetland.biz
Tuesday, 22 September 2009
Sunday, 15 March 2009
Hong Kong, Home to Zetland, Still World's Best Region For Trade, Investment and Finance 15 Years On
Wall Street and The Heriatge Foundation have released their report on the world's freest economies for 2009. It ranks three countries where Zetland Fiduciary Group have offices in the top five, including Hong Kong as the freest for the 15th year running.
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Offshore Banking Still Making Waves Despite Swiss Debacle, Says Zetland Fiduciary Group
The debate surrounding Switzerland's banking system and breaches of privacy has created unfounded doubt about offshore banking in general, say Zetland Fiduciary Group. The company is still using offshore banking to help increase the profits and protect the privacy of hundreds of companies worldwide.
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Tuesday, 24 February 2009
Go Offshore in Seychelles For Big Corporate Benefits, Says Leading Business Adviser Zetland Fiduciary Group
Zetland Fiduciary Group, a leader in company incorporations and financial services, sees the Seychelles as the best place for big business to be in 2009. The Seychelles has the ideal conditions to help offshore companies facilitate their operations and increase their profits, according to leading company incorporation specialists, Zetland Fiduciary Group.
The Seychelles has seen a surge in International Business Company registrations in recent years. New registrations grew by 45% from 2005 to 2007, and early indications for 2008 suggest a further 50% increase from 2007. Despite this, the total number of registrations is significantly less than other traditional offshore jurisdictions, making the Seychelles an ideal venue for businesses looking to take advantage of offshore conditions.
Key features of the Seychelles as an offshore jurisdiction include:
• Seychelles IBCs are 100% tax free
• Confidentiality is guaranteed by law, with a court order required to disclose shareholder's identity
• No minimum or maximum capital requirement
• Only one director or shareholder is required
• No need to file accounts with the registrar
• Competitive license fees which are fixed for life - currently US$100 annually
The Seychelles is also centrally placed for several major time zones, with its operating hours falling within business hours for Europe, Asia, Australia, Russia and the Middle East.
Zetland Fiduciary Group sees the Seychelles as "forward-thinking" and "well-regulated", according to company spokesman David Campbell. According to Mr Campbell, "the Seychelles offshore financial services sector is very well placed to further build upon the already excellent reputation it has earned, as a credible, stable, client focused jurisdiction."
In the Seychelles, Zetland is located in the top floor of the Capital City Building located in the heart of Victoria, the capital city of Mahe, the largest of the Seychelles Islands.
About Zetland Fiduciary Group:
The Zetland Fiduciary Group - http://www.zetland.biz - provides the offshore investor with fiduciary Services, investment management and corporate advisory services, offering personal service and professional advice with total confidentiality.
For more information please contact:
Jason Weatherhead
Zetland Fiduciary Group
Email: jason ( @ ) zetland dot biz
http://www.zetland.biz
The Seychelles has seen a surge in International Business Company registrations in recent years. New registrations grew by 45% from 2005 to 2007, and early indications for 2008 suggest a further 50% increase from 2007. Despite this, the total number of registrations is significantly less than other traditional offshore jurisdictions, making the Seychelles an ideal venue for businesses looking to take advantage of offshore conditions.
Key features of the Seychelles as an offshore jurisdiction include:
• Seychelles IBCs are 100% tax free
• Confidentiality is guaranteed by law, with a court order required to disclose shareholder's identity
• No minimum or maximum capital requirement
• Only one director or shareholder is required
• No need to file accounts with the registrar
• Competitive license fees which are fixed for life - currently US$100 annually
The Seychelles is also centrally placed for several major time zones, with its operating hours falling within business hours for Europe, Asia, Australia, Russia and the Middle East.
Zetland Fiduciary Group sees the Seychelles as "forward-thinking" and "well-regulated", according to company spokesman David Campbell. According to Mr Campbell, "the Seychelles offshore financial services sector is very well placed to further build upon the already excellent reputation it has earned, as a credible, stable, client focused jurisdiction."
In the Seychelles, Zetland is located in the top floor of the Capital City Building located in the heart of Victoria, the capital city of Mahe, the largest of the Seychelles Islands.
About Zetland Fiduciary Group:
The Zetland Fiduciary Group - http://www.zetland.biz - provides the offshore investor with fiduciary Services, investment management and corporate advisory services, offering personal service and professional advice with total confidentiality.
For more information please contact:
Jason Weatherhead
Zetland Fiduciary Group
Email: jason ( @ ) zetland dot biz
http://www.zetland.biz
Tags:
Top Fiduciary Firm Tags Hong Kong as One of Best Jurisdictions for Offshore Companies
Hong Kong has long been a popular region for offshore company incorporations. Basing operations there could help more companies than ever in this economic climate, according to Zetland Fiduciary Group. Hong Kong has big benefits for businesses looking to cut taxes and increase privacy with ease, according to offshore operations specialist Zetland Fiduciary Group.
According to the Heritage Foundation, Hong Kong has held the top position in the ranks of the world's freest economies for the past decade. It has several other important positives for companies looking to incorporate offshore, including:
1. A common law legal system that is transparent and advanced
2. State of the art infrastructure
3. Common use of English
4. A low tax burden for companies
5. Central location for Asian operations, and easy access to the world's largest economy, China.
These benefits have convinced over 800 international companies to make Hong Kong the base for their operations.
Jason Weatherhead of Zetland Fiduciary Group also notes several significant monetary advantages to Hong Kong company incorporation. "If the company operates within certain criteria, there is no profit tax liability, and any surplus funds that are generated while in Hong Kong are available for reinvestment - tax free. Surplus funds can also be remitted or loaned to other companies". "Capital gains tax is non-existent in Hong Kong, and interest on outside bank accounts is tax free", Mr.Weatherhead continued.
Other factors which work to make Hong Kong an ideal place for offshore company incorporations include:
1. All businesses operate without fear or favor, on a level playing field
2. Capital flow in and out is unrestricted
3. No foreign exchange controls or company ownership nationality restrictions
4. Time zone placement is ideal
5. A stable currency
Zetland feels that although rental and staff costs remain high in Hong Kong, profits derived from local activity should offset this factor.
About Zetland Fiduciary Group:
The Zetland Fiduciary Group - http://www.zetland.biz - provides the offshore investor with fiduciary Services, investment management and corporate advisory services, offering personal service and professional advice with total confidentiality.
For more information please contact:
Jason Weatherhead
Zetland Fiduciary Group
Email: jason ( @ ) zetland dot biz
http://www.zetland.biz
Tags:
According to the Heritage Foundation, Hong Kong has held the top position in the ranks of the world's freest economies for the past decade. It has several other important positives for companies looking to incorporate offshore, including:
1. A common law legal system that is transparent and advanced
2. State of the art infrastructure
3. Common use of English
4. A low tax burden for companies
5. Central location for Asian operations, and easy access to the world's largest economy, China.
These benefits have convinced over 800 international companies to make Hong Kong the base for their operations.
Jason Weatherhead of Zetland Fiduciary Group also notes several significant monetary advantages to Hong Kong company incorporation. "If the company operates within certain criteria, there is no profit tax liability, and any surplus funds that are generated while in Hong Kong are available for reinvestment - tax free. Surplus funds can also be remitted or loaned to other companies". "Capital gains tax is non-existent in Hong Kong, and interest on outside bank accounts is tax free", Mr.Weatherhead continued.
Other factors which work to make Hong Kong an ideal place for offshore company incorporations include:
1. All businesses operate without fear or favor, on a level playing field
2. Capital flow in and out is unrestricted
3. No foreign exchange controls or company ownership nationality restrictions
4. Time zone placement is ideal
5. A stable currency
Zetland feels that although rental and staff costs remain high in Hong Kong, profits derived from local activity should offset this factor.
About Zetland Fiduciary Group:
The Zetland Fiduciary Group - http://www.zetland.biz - provides the offshore investor with fiduciary Services, investment management and corporate advisory services, offering personal service and professional advice with total confidentiality.
For more information please contact:
Jason Weatherhead
Zetland Fiduciary Group
Email: jason ( @ ) zetland dot biz
http://www.zetland.biz
Tags:
Tuesday, 20 January 2009
Financial Consultancy Zetland: China Pledges New Focus on Latin America
As the world economic turmoil grows, China eyes strengthening ties to Latin America and Caribbean countries, according to a new report by Zetland Fiduciary Group.
China has vowed closer trade, energy and military ties to Latin America and Caribbean countries, Hong Kong-based financial consultancy Zetland reports.
In a policy paper released before a visit to Latin America by President Hu Jintao in November, China pledged to pursue a “comprehensive and cooperative” partnership with the region, Zetland says on its website.
Established in 1987 and headquartered in Hong Kong with offices around the world, Zetland Fiduciary Group is a business consultancy offering financial services and professional advice with total confidentiality.
From Hong Kong Zetland provides clients with the efficiencies and sophisticated infrastructure of one of the most dynamic international cities that is also an integral part of the rapidly growing economy of China.
According to the Zetland report, apart from China’s interest in the Latin America and Caribbean regions’ natural resources, Beijing has also mentioned its willingness to discuss debt-relief.
China’s trade with Latin America as a whole has jumped from $10 billion in 2000 to $102.6 billion in 2007.
Taking the long view at a time of financial crisis, China is investing heavily in commodity-producing countries. More than a dozen deals agreed to by Hu included purchases of Cuban nickel and sugar, along with pledges to send food and building materials to help the Caribbean nation recover from three major hurricanes.
Meanwhile, Peru and China wrapped up talks for a free trade agreement, Peruvian President Alan Garcia announced in November after meeting with Hu in Lima for the 21-member Asia-Pacific Economic Cooperation forum.
The report on Zetland Fiduciary Group’s website is one of many offered each month. Zetland is privately owned and operates independently, while maintaining a worldwide network of banking and finance associates, professional advisers, correspondents and local agents.
About Zetland:
The Zetland Financial Group - www.zetland.biz - provides the offshore investor with fiduciary services, investment management and company formation services.
###
For more information:
Jason Weatherhead
Zetland
Email: jasonw@zetland.biz
Tel: +852 2525 7718
China has vowed closer trade, energy and military ties to Latin America and Caribbean countries, Hong Kong-based financial consultancy Zetland reports.
In a policy paper released before a visit to Latin America by President Hu Jintao in November, China pledged to pursue a “comprehensive and cooperative” partnership with the region, Zetland says on its website.
Established in 1987 and headquartered in Hong Kong with offices around the world, Zetland Fiduciary Group is a business consultancy offering financial services and professional advice with total confidentiality.
From Hong Kong Zetland provides clients with the efficiencies and sophisticated infrastructure of one of the most dynamic international cities that is also an integral part of the rapidly growing economy of China.
According to the Zetland report, apart from China’s interest in the Latin America and Caribbean regions’ natural resources, Beijing has also mentioned its willingness to discuss debt-relief.
China’s trade with Latin America as a whole has jumped from $10 billion in 2000 to $102.6 billion in 2007.
Taking the long view at a time of financial crisis, China is investing heavily in commodity-producing countries. More than a dozen deals agreed to by Hu included purchases of Cuban nickel and sugar, along with pledges to send food and building materials to help the Caribbean nation recover from three major hurricanes.
Meanwhile, Peru and China wrapped up talks for a free trade agreement, Peruvian President Alan Garcia announced in November after meeting with Hu in Lima for the 21-member Asia-Pacific Economic Cooperation forum.
The report on Zetland Fiduciary Group’s website is one of many offered each month. Zetland is privately owned and operates independently, while maintaining a worldwide network of banking and finance associates, professional advisers, correspondents and local agents.
About Zetland:
The Zetland Financial Group - www.zetland.biz - provides the offshore investor with fiduciary services, investment management and company formation services.
###
For more information:
Jason Weatherhead
Zetland
Email: jasonw@zetland.biz
Tel: +852 2525 7718
Tags:
Tuesday, 30 December 2008
China Ends Restrictions on Foreign Suppliers of Financial Information: Zetland
Financial consultancy Zetland reports on its website that the government in Beijing has withdrawn restrictions on foreign companies that provide information services.
Hong Kong, Special Administrative Region of China (Press Release) December 30, 2008 -- Hong Kong, 15 December 2001 – The Chinese government has ended restrictions on foreign firms that supply financial information services, a move likely to spur growth in the industry, Zetland Fiduciary Group reports.
United States Trade Representative Susan C. Schwab announced on Nov. 18, 2008 that China agreed to eliminate discriminatory restrictions on how U.S. and other foreign suppliers of financial information services do business in China, which the United States challenged in a World Trade Organization (WTO) dispute brought earlier this year.
“I am very pleased we have been able to sign an agreement with China today to allow financial information suppliers like Bloomberg, Dow Jones and Thomson Reuters to operate in China free of unfair restrictions that threatened to place them at a serious competitive disadvantage,” said Schwab.
China’s commitments under the Memorandum of Understanding address all the issues under the General Agreement on Trade in Services (GATS) and China’s WTO Accession Protocol that the United States had raised at the WTO.
China said it will designate an independent regulator that will have no conflicts of interest with the companies it is regulating, and will use a fair and transparent approach to licensing, as required under China’s WTO Protocol obligations.
Western financial officials say the move is critical in providing a level playing field for businesses in China.
China also agreed to eliminate the requirement that U.S. companies must use an agent to do business, allowing them to make their own independent business decisions on how they want to structure their operations.
As well, China will also limit requests for information to that which is only relevant to regulatory functions. Beijing agreed to ensure the confidentiality of that information, and protect against its misuse.
“This is another step for China to open up her massive domestic market,” Hong Kong-based Zetland commented. “Earlier in the year, the Chinese government took away restrictions on 11 special business fields and allowed foreign entities to enter those approved industries.”
The report was carried on the website of Zetland Fiduciary Group Limited. Each month Zetland offers an array of analysis and financial reporting.
Zetland was established in 1987 and has offices in Seychelles, Singapore, Tokyo, Belize, Geneva, New Zealand and Shanghai.
About Zetland:
The Zetland Financial Group - http://www.zetland.biz - provides the offshore investor with fiduciary Services, investment management and corporate advisory services, offering personal service and professional advice with total confidentiality.
For more information:
Jason Weatherhead
Zetland
jasonw@zetland.biz
+852 2525 7718
United States Trade Representative Susan C. Schwab announced on Nov. 18, 2008 that China agreed to eliminate discriminatory restrictions on how U.S. and other foreign suppliers of financial information services do business in China, which the United States challenged in a World Trade Organization (WTO) dispute brought earlier this year.
“I am very pleased we have been able to sign an agreement with China today to allow financial information suppliers like Bloomberg, Dow Jones and Thomson Reuters to operate in China free of unfair restrictions that threatened to place them at a serious competitive disadvantage,” said Schwab.
China’s commitments under the Memorandum of Understanding address all the issues under the General Agreement on Trade in Services (GATS) and China’s WTO Accession Protocol that the United States had raised at the WTO.
China said it will designate an independent regulator that will have no conflicts of interest with the companies it is regulating, and will use a fair and transparent approach to licensing, as required under China’s WTO Protocol obligations.
Western financial officials say the move is critical in providing a level playing field for businesses in China.
China also agreed to eliminate the requirement that U.S. companies must use an agent to do business, allowing them to make their own independent business decisions on how they want to structure their operations.
As well, China will also limit requests for information to that which is only relevant to regulatory functions. Beijing agreed to ensure the confidentiality of that information, and protect against its misuse.
“This is another step for China to open up her massive domestic market,” Hong Kong-based Zetland commented. “Earlier in the year, the Chinese government took away restrictions on 11 special business fields and allowed foreign entities to enter those approved industries.”
The report was carried on the website of Zetland Fiduciary Group Limited. Each month Zetland offers an array of analysis and financial reporting.
Zetland was established in 1987 and has offices in Seychelles, Singapore, Tokyo, Belize, Geneva, New Zealand and Shanghai.
About Zetland:
The Zetland Financial Group - http://www.zetland.biz - provides the offshore investor with fiduciary Services, investment management and corporate advisory services, offering personal service and professional advice with total confidentiality.
For more information:
Jason Weatherhead
Zetland
jasonw@zetland.biz
+852 2525 7718
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