Hong Kong offshore company formation is an excellent option for investors or entrepreneurs who want to take advantage of the opportunities offered by the dynamism of the Chinese economy.
Hong Kong offers owners of offshore companies a reliable and simple tax system. An offshore company in Hong Kong is exempt from corporation tax when it engages in international business activities.
In other words, corporation tax is charged at 0% for offshore companies operating outside Hong Kong and 16.5% on business activities conducted in Hong Kong.
Hong Kong company is exempt from paying tax on dividends or bank interest received.
An offshore company in Hong Kong does not pay taxes on capital gains or inheritance rights.
Hong Kong is an internationally recognised financial centre. It is located in Southeast China, and became part of the People’s Republic of China on 1st July 1997. It is a Special Administrative Region of the People’s Republic of China, with its own laws and its own judiciary.
Hong Kong’s economy is very liberal. There are no foreign exchange controls, nor restrictions on capital inflow and repatriation, and coins can circulate freely. Money can be deposited, withdrawn or transferred from a Hong Kong bank account as often and freely as required without presenting any justification or paying contributions.
Hong Kong is fast becoming one of the most popular jurisdictions for incorporating an offshore company. Every year, more than 150,000 companies are registered, attracting investors and entrepreneurs from around the world.
|Formation timeframe||5 days|
|Type of business entity||LTD|
|ISO standards management||Available|
|Guidelines for financial performance of transfer price and other considerations||Shell company|
|Information on shareholders||Not available|
|Directors information||Not available|
|Accounting||Bookkeeping annual accounts|