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 Hong Kong |
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| Geographic location: South East Asia Population: 6,898,686 Native Language: Cantonese/Mandarin/English Currency: Hong Kong Dollar Political Status: Democracy Legal System: English Common Law
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Offshore Company - Hong Kong Located in the South China Sea, Hong Kong consists of a large number of islands and a part of the Chinese mainland. As a result of its geographical location and excellent harbour, Hong Kong has become a focal point for international trade. Despite a radical governmental change in July 1997, when Hong Kong became a Special Administration Region (HKSAR) of the Republic of China, an atmosphere friendly to business remains to the present day. The aim was to maintain HKSAR and the Republic of China as separate governmental, legal and economic systems. Its strong infrastructure, low tax rate and its minimal government regulation have enabled Hong Kong to position itself as the gateway of the financial centre of the Pacific and Far East. Hundreds of international companies are headquartered in Hong Kong and thousands of companies have established regional offices. Additionally, a strong anti-corruption legal framework reinforces confidence amongst those entertaining a business or banking venture in Hong Kong. As the worlds third largest financial centre with New York and London being the largest, Hong Kong enjoys certain advantages over the larger two. Hong Kong Private Limited Company One of the major advantages of utilising a Hong Kong entity is that it will not be perceived as a tax avoidance vehicle, as Hong Kong is a major trading entity in its own right. There is no capital gains tax and exchange control. The basic law of Hong Kong guarantees free trade as well as low taxes. Hong Kong remains one of the few banking centres not subject to the requirements of automatic information exchanges related to banking transactions, and offers directives on savings accounts withholding taxes applicable to the US and EU. Establishing a shelf company or incorporating in Hong Kong is easily accomplished. |
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