Offshore Incorporation in Hong Kong

Hong Kong is often a popular jurisdiction for starting offshore companies to conduct international trade and investment activities also to assure asset protection. This phenomenal location has an international community, political and economic stability, low tax rates, no foreign exchange controls, and relatively simple establishment of offshore corporations.

The least stressful and efficient method to incorporate an offshore company here's to rent a skilled professional firm to collect the mandatory documents and information, purchase the company name approval, and file the incorporation documents with the county. These professional firms typically also improve opening a banking account, obtaining necessary business licenses, obtaining relocation visas, as needed, and providing advice regarding ongoing administration and compliance issues.

Features about Hong Kong Offshore Corporations

Easy registration: hk company set up is simple. The shares of your Hong Kong corporation could possibly be 100% foreign-owned.

Low Tax Rates: Hong Kong taxes are pretty straight forward and low. The corporate tax rate tops out at 16.5% and foreign earned income is exempt from taxation. There are no capitals gains, VAT or death duty, with no withholding on dividends or interest. Another benefit is the fact that there won't be any forex controls to worry about either.

Political and Economic Stability: The costa rica government here is stable, business friendly and savvy along with the judicature is transparent. There may be little corruption from the government. The economy has fared relatively well within the recent global financial tribulations. Hong Kong banks are comparatively stable and accounts are insured from the government.
Hong Kong Incorporation Facts

Previous to incorporation offshore company name need to be licensed by the Hong Kong Companies Registry.

An organization must have no less than one director and will provide an unlimited volume of directors. Directors may be individuals or other individuals, residency isn't a requirement for directors and nominee directors are permitted.

An organization must have a minumum of one shareholder and may have as many as 50 shareholders. Shareholders could possibly be individuals or other individuals and do not ought to be residents or citizens, the truth is all shareholders could be foreigners. Nominee shareholders are permitted.

A corporation here have to have a secretary which might be somebody or company but have to be a resident of Hong Kong. If the corporation has only one director and shareholder the face or corporation cannot also be the corporate secretary.

A nearby home address (not a PO Box) is necessary as being the registered address of the company.
After establishing a business in hong kong, the offshore company will likely need to adhere to easy reporting requirements including filing a audit of financial records; advising the businesses Registry of any changes to the company's organization and it is directors or shareholders; filing annual returns with the Hong Kong Companies Registry as well as the Inland Revenue Department; and renewing the business enterprise registration certificate.