Offshore Company Formation – Hong Kong
Economy of Hong Kong
Hong Kong is one of the leading international financial centres in the world. Hong Kong has an economy that is service oriented. This service oriented economy of Hong Kong is characterised by the low taxation policy of this Special administrative Region (SAR) area, which is governed by government of China, with a great deal of autonomy provided to Hong Kong.
Hong Kong provides almost free port trade that makes Hong Kong a well established international financial market. Hong Kong Dollar is the currency of Hong Kong. This currency is issued by three major international commercial banks. Hong Kong dollars are pegged to US dollars. The rate of interest is decided by the individual banks in Hong Kong. This makes the Hong Kong Dollars fully market driven.
There is no officially recognised system of having a Central Bank in Hong Kong. The Monetary Authority of Hong Kong serves as the authority for implementing financial regulations in Hong Kong.
Hong Kong has had the highest degree of economic freedom in the world, as per the reports of Index of Economic Freedom and since this index was incepted in the year 1995. The economy of Hong Kong is governed under positive non interventionism.
The economy of Hong Kong is highly dependent on international trade and finance. Hong Kong suffered an economic set back in the year 2009, when the economic growth fell by 2.8%. The Economic Freedom of the World Index listed Hong Kong as the number One nation, in its report in the year 2017, with a score of 8.97, out of a perfect 10.
The economic strategies of Hong Kong include having a sound system of banking, having a strong legal system, and no public debts. Sufficient foreign exchange reserves of US $ 408 billion in mid-2017, speaks for the super strong economy of Hong Kong.
Why form an offshore company in Hong Kong?
Hong Kong follows a different taxation rule wherein only corporation tax is charged at 16.5%. There is no tax on capital gains, shareholder dividends and on foreign sourced income. The other tax that it levies is 15% on unincorporated businesses and 2 to 17 percent on the salaries that is drawn by the employees. Also geographically, it is well connected to Chinese Main land and South East Asia.
Basic Incorporation Package
Form your offshore company anywhere in the world within a week. No hidden price, no extra charges
With this package, we will provide you with a compulsory registered office address and dedicated account manager to handle all your queries. Also all the compulsory government fees would be paid up when the incorporation process takes place.
In addition to this, we will provide you with the documents necessary to incorporate a company – certificate of incorporation, appointment of directors, share certificates, company seal memorandum and articles of association.
Advanced Incorporation Package
This package will also include banking solutions and assure full confidentiality of your identity in addition to the full services of our Basic Incorporation Package.
We will provide you with a bank account and also with professional resident director and resident shareholder. This will help you in case you do not want your names to be displayed publicly. The Nominee director will act on your behalf by signing contracts, MoU’s and other documents related to your business.
All these will be provided in addition to company incorporation, registered address and other services included in the Basic Incorporation Package.
Professional Backed Package
This package will take care of the ever changing intergovernmental agreements which are being exercised by most of the countries.
More and more countries are signing up to international trade agreements which means more robust process. The benefit of our package is that it will facilitate your business through the help of qualified accountants, directors, international lawyers, tax advisors and investment advisors. It will ensure that your business runs smoothly and with full privacy and confidentiality.
Customize as per your requirements – whenever and wherever required.
Select what all services you require in what all jurisdiction. You can upgrade the services anytime you want. Choose from a wide range of professional services in addition to the type of company and bank account you want to set up. With the ever changing laws, you can ask our domain experts to guide you through the right direction.
Benefits of Forming an Offshore Company in Hong Kong
- 0% tax on capital gains and inheritance
- 0% tax on dividends and interest earned
- No tax on company’s trading business activities based outside its region
- Double taxation treaties to provide relief on shipping and airline income