History of Hong Kong

Hong Kong is located in southern China, and is one of the two special administrative regions of the People's Republic of China, the other being Macau. It has seven million inhabitants and is a former British colony, which was returned to China in 1997. Hong Kong maintains its own legal system, separate from the rest of China. China said that Hong Kong will retain its autonomous status at least until 2047.

Hong Kong as an offshore center

As the primary financial center in Asia, and the third largest in the world, Hong Kong offers its offshore company 0% tax, confidentiality and the ability to open multi-currency accounts. From a legal perspective, there is one piece of legislation that regulates all types of businesses. All Hong Kong companies must have their headquarters in the country and the most popular vehicle off-shore is the private company that offers limited liability.

Hong Kong is a respected and popular destination for all types of business and international trade. 'Also a popular choice for businesses to import / export. Although, the minimum share capital for the company in Hong Kong is 1 HKD although it is more normal to train at least 10,000 HKD.

Although Hong Kong has a corporate tax rate of 17.5%, companies pay taxes only on income from activities in Hong Kong. This means that the offshore companies that have their business outside of Hong Kong, do not pay any tax.

Summary Hong Kong

Hong Kong is a skill interesting from every point of view, its main benefits are: the ease of doing business, the inability to investigation by the local tax authorities, a strong tradition of banking secrecy, the world economic stability and a ' excellent international reputation. Hong Kong offers an ideal base for service companies and international business activities.

Types of companies in Hong Kong

The establishment of a Hong Kong provides three easy steps and takes six days. There are no restrictions on who can form a company in Hong Kong and 100% foreign ownership is allowed.