Hong Kong

Hong Kong - Offshore company  - Overview

A Hong Kong offshore company is the perfect vehicle for conducting offshore banking activities, international trade, investment activities and for asset protection.Though Hong King does not have any specific laws that govern offshore company formation, it is one of the most popular offshore jurisdictions for setting up an offshore company. Hong Kong occupies the South cost of China; it outsides South China Sea to the West, East and South.
Hong Kong is a word-class financial, trading and business center. Hong Kong is the ideal location for an Asian headquarters. Hong Kong's excellent reputation and supervision make it the best alternative for corporate structuring because Hong Kong does not have an ‘offshore' or ‘tax-paradise image'; it is universally deemed a clean jurisdiction.


Hong Kong became a Special Administrative Region (SAR) of the People's Republic of China on July 1, 1997, after a century and a half of British administration. Hong Kong has a high level of autonomy under the policy of "one country, two different systems". The SAR has executive, legislative and independent judicial power. Under Hong Kong's constitutional document, the Basic Law, the existing economic, legal and social system will be maintained for 50 years. The SAR enjoys a high degree of autonomy except in defense and foreign affairs.


Presently, Hong Kong does not have double tax treaties with any country but entered Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) which warrants the SAR with favorable custom and import fees, and preference of use by Chinese authorities and banks.

If you decide to form an offshore company in Hong Kong there are several aspects you need to know: low tax regime - favorable corporate tax rules make a Hong Kong offshore company the perfect holding company; absence of foreign exchange controls; political and economic stability, ease of offshore company set up; secure corporate and personal banking system; British legal system; no exchange of information between Hong Kong and other countries; excellent relationship with China.

Hong Kong

General Information

Type of Company

Private Limited

Type of Law

Common

Shelf company availability

Yes

Company Registration Timescale

1-7 days

Corporate Taxation

Nil on Foreign Profits

Double Taxation Treaty Access

Yes

Share Capital or Equivalent Requirements

Standard currency

HK$

Permitted currencies

Any

Minimum paid up

HK$1

Usual authorized

HK$1,000

Directors

Minimum number

One

Local required

No

Publicly accessible records

Yes

Location of meetings

Anywhere

Members

Minimum number

One

Publicly accessible records

Yes

Location of meetings

Anywhere

Company Secretary

Required

Yes

Local or qualified

Local

Accounts

Requirement to prepare

Yes

Audit requirements

Yes

Requirement to file accounts

Yes

Publicly accessible accounts

No

Other

Requirement to file annual return

Yes

Change in domicile permitted

No

Hong Kong Incorporation Costs

Company registration

2,200  Euro

Bank account

390  Euro

Annual Tax (from 2nd year)

1,500  Euro

Optional/Additional costs

*Seychelles Nominee Director & Shareholder

1,200 Euro

Local Nominee Director / year

Ask Quotation

Local Nominee Shareholder / year

Ask Quotation

Accounting Services

2,500 Euro

Certificate of Good Standing

200  Euro

Power of Attorney

150 Euro

Apostil/document

200 Euro

Company Seal / Rubber stamp

50 Euro

Courier Delivery

80 Euro

*optional