|Tax Status: Mixed Onshore / Offshore. No Tax for Income outside of HK.
Advantages: Hong Kong has many advantages including its central location, brilliant access to a wide range of banks, no tax on international business, English and other languages widely spoken. HK has a growing reputation as an offshore jurisdiction, while still having all the appearance of an onshore jurisdiction.
Disadvantages: There are strict annual accounting and auditing requirements which require a local agent to complete. You must have a local Agent to assist with bank account opening.
Directors and Shareholders: Hong Kong Companies may have foreign Directors and Shareholders We have Personal and Corporate Nominee Directors and Shareholders available for our shelf companies on a case by case basis only.
Banking: A wide range of major Hong Kong and international banks are available to provide domestic and international banking services. We can assist with account applications, however a company director must visit the bank in person before any account can be opened.
Accounting Requirements: While there is no tax payable on profit not earned in HK, there is a comprehensive tax structure, which will require local expertise to navigate. For general information, visit the Hong Kong Inland Revenue Department website at: http://www.ird.gov.hk/eng/tax/bus.htm
Annual Requirements: There is an annual fee payable for maintaining a Hong Kong Company and an Annual Company Return and Tax Return must be filed, plus costs for Registered Office / Agent, Nominee Directors and Shareholders, plus accounting costs.
Recommended Use: We recommend Hong Kong as a place to set up an internationally trading business, or as a branch office of an existing company, looking for more global exposure. It can be used for tax planning in many ways due to no tax being payable on profit received overseas.
Due Diligence: To comply with legal requirements in your jurisdiction of choice, before we can supply any ready-made ‘shelf’ or pre-incorporated Company, IBC or LLC to you, we will require identification of the beneficial owner such as passport copy and proof of address. Specific details will be provided upon application, depending on your full requirements.
DISCLAIMER: Please note that we do not give legal advice. We assist to incorporate and maintain companies, sell pre-existing or ready-made shelf companies and provide nominee directors and shareholders. We accept no responsibility or liability for the actions of those operating the companies that we sell. Liability and responsibility remains with the beneficial owner or end user of the company.