private.law

Chinese Banking Solutions Shanghai's banks offer flexible and modern banking solutions for all your capital movement, preservation, and allocation needs. We work with several of China's top banks to provide easy account opening services. No physical office is needed in China or elsewhere. The KYC process is simple and only requires basic documents: corporate documents, a singned contract with a counterparty, and personal identification for the director and shareholder. Once the account is open, clients can access online banking through a secure website. Transactions can be done independently or with the help of our account manager in Shanghai. For the latest information on opening a bank account in China, please contact us at info@private.law

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Hong Kong Company We work with a range of popular jurisdictions for international business, from Delaware and the Cayman Islands to Switzerland and Singapore. Based on our extensive analysis, Hong Kong stands out as the most optimal choice. 1. 0% Effective Tax Rate Hong Kong operates on a territorial taxation principle, which means international transactions are tax-exempt. Despite this tax advantage, Hong Kong is not classified as an offshore jurisdiction. 2. No Currency Controls Businesses in Hong Kong face no restrictions on capital movement and can engage in transactions, including those involving cryptocurrency. The jurisdiction also facilitates easy investment through private placements and international loans. 3. Remote Setup and Management Companies can be established and managed remotely. We handle all correspondence and liaise with tax authorities on behalf of our clients. 4. Political Neutrality Hong Kong maintains a neutral stance in international relations 5. Established Legal Framework Hong Kong’s legal system is based on English common law, and disputes can be resolved through various arbitration bodies, including both Russian and English arbitration. For more information on company registration and management in Hong Kong, please reach out to us at info@private.law