Hongkong project

This is not a business project, but an “optimization” scheme, but in simple terms tax evasion.

Speedflow Solutions Ltd was established with registration in Hong Kong.

Hong Kong companies are completely exempt from paying taxes on income earned outside of Hong Kong.

Money was transferred there from clients to avoid paying taxes. To do this, several IT companies were needed in Bulgaria. One receives money from the customer and orders the services of a Hong Kong company, which, in turn, orders the services of another Bulgarian company for half the price or less, and the profit remains with Speedflow Solutions Ltd in full.

This business project is a dummy, and also just a scheme – crime and tax evasion.

Therefore, “HONG KONG PROJECT” is a big minus.