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What are the uses of offshore companies?
- Trading companies: The immediate benefits are extremely convenient capital operations and extremely low tax costs.
- Holding companies: Including commercial holding companies and private holding companies whose main purpose is to maintain privacy. Mainland China’s Sino-foreign joint ventures and sole proprietorships, investment-ranking Hong Kong, and second-ranking British Virgin Islands are well-known offshore sites.
- international investment: used to hold bonds, stocks and transactions.
- Other purposes: Yacht holding company, property holding company, asset protection company, public investment company, intellectual property ownership company, transportation company, network company, insurance company, etc.