Register a company overseas

Registering a company domestically is too troublesome. No matter what good name you come up with, the Administration for Industry and Commerce will surely find fault according to their own logic because rejection is the way they demonstrate power. I worked in industry and commerce for eight years and even I had this mentality at times. There's nothing to be done but to register overseas first and then return to apply for the name, which should presumably cause no problems. Moreover, it's inevitable that we'll need to register an offshore company. It's better to do it sooner rather than later so as not to get entangled with bureaucracy for too long. Afterward, applying for business operation domestically or applying for a representative office will be much easier. Unwittingly, this also makes one part of the returned overseas entrepreneurship group.

Singapore and the Cayman Islands are two top choices for registration. The registration conditions in both places are relatively relaxed, especially in the latter - the Cayman Islands. Many internet companies are registered there because there are no taxes other than stamp duty. This is due to a royal decree that the Cayman Islands received in 1978. The decree stipulates the permanent exemption of tax obligations for the Cayman Islands, and this decree is still valid today...