Kim Waldron Limited – 2016 to …
Two days after I received a grant from the Canada Council for the Arts to open an offshore company, the Panama Papers story broke. The Panama Papers are 11.5 million leaked documents from Mossack Fonseca, a law firm and corporate service provider in Panama, that detail financial and attorney–client information for more than 214,488 offshore entities.[1]
In the wake of all of this, I entertained the idea of opening my company in Panama but later decided that it was best to explore the contacts I had made in China. I discovered that many companies located in mainland China choose to incorporate in Hong Kong to facilitate doing business with foreigners. I had already explored work life in China with the Made in Québec project, and it made sense that I would choose to expand my art practice by opening an offshore company in Hong Kong.
The Independent published a bubble chart plotting the occupations of people mentioned in the Panama Papers and politicians were by far the most referenced occupation. Having run for public office during the 2015 federal election in Canada, this chart led to the joke that the next logical step after running for public office is to open an offshore company.
On July 13, 2016 I opened a company in Hong Kong, Kim Waldron Limited 金姆沃爾德倫有限公司. The address of the company is Rm. 2107, Lippo Centre Tower 2, 89 Queensway, Admiralty, Hong Kong. The appointed secretary of the company is Joy Enterprise Secretary Services Limited. The main product or service is Artwork.
[1] “Giant leak of offshore financial records exposes global array of crime and corruption”. OCCRP. The International Consortium of Investigative Journalists. April 3, 2016. Online. Accessed February 4, 2018.
Acknowledgments: Canada Council for the Arts, CEAC, Kang You Teng, Richful Deyong International Investment Limited