Offshore Company in Hong Kong

General information

Tax rate

Time of establishment of the company

Minimum capital

Forming an Offshore company in Hong Kong

Hong Kong is the largest business center in Asia and the richest city in China. It offers high quality commercial, financial and legal services and attractive taxation.

Hong Kong accommodates any type of business, whether import / export, online sales, international trade or any other intangible services. Tax is 0% for business conducted outside Hong Kong

Hong Kong enjoys a wholesome image brought about by its economic and political stability. It also has autonomy of state, expressed by an independent currency HKD (Hong Kong Dollar). It is possible to open multicurrency bank accounts in EURO, USD, and GBP and have Visa cards and Internet access.

What to remember

Hong Kong is a leading financial hub that is not considered an offshore center, proof of seriousness that will enhance the quality of your relationships with your customers and partners.

Hong Kong allows the incorporation of companies with a nominee director services, ensuring anonymity at the Public Registry. For a company based in Hong Kong, the shares are held by a nominee shareholder guaranteeing the anonymity of its shareholders.

Tax system

The corporate income tax charged to companies conducting business outside of Hong Kong is 0%, there is no corporate income tax in this case. Only businesses operating inside Hong Kong are subject to the corporate income tax rate in force of 16.5%.

There is no VAT in Hong Kong.

Accounting

Bookkeeping is not mandatory in Hong Kong inasmuch as your company does not operate in Hong Kong, however the bank in which the account is held may request an invoice in some cases to justify certain transactions.

Conditions

The formation of an offshore company requires a number of essential elements listed below. These are always included when setting up a company to guarantee adequate operations.

Type of company

The most common form is the Hong Kong Private Limited Company, which is a form of limited liability company with capital. There are other forms such as PLC (Public Limited Company), and it is also possible to set up different types of company and investment funds on demand.

Corporate headquarters

The headquarters of the company must be registered locally in Hong Kong and will appear on all mail and the company headed note paper. This allows you to receive mail at the address indicated. There is also an optional virtual office service available complete with telephone number and personalized standard.

Minimum capital

The standard capital in Hong Kong is 50,000 HKD or 5,000 EUR, however it is not a requirement to transfer or release the capital within a specified period which enables you to set up a company with a capital of 1 EUR.

Bank account

A multi-currency company bank account will be opened for your business with Internet access and Visa or MasterCard ATM card, several cards can be obtained. An additional anonymous Visa card can be sent on request by the bank in charge of opening the account.

Director

The Director may be of any nationality. A Nominee Director service offering additional privacy is the right approach for any company formation.

Shareholders

The Nominee Shareholder service is also a stock solution for offshore companies enabling privacy and anonymity guaranteed.

Set-up time

The easiest way to have your company set up in 24 hours is to choose a Ready-made company from a list of names of existing companies incorporated in advance to minimize delays. A period of 5 days plus postage is needed to set up a custom company.

Holdings

Companies in Hong Kong may have a Holding role and may hold movable or immovable assets as well as company stocks and shares.

Renewal

The company has to be renewed each year, which involves paying a stamp duty, renewing the domicile of the corporate headquarters and the reappointment of the Nominee Director and Shareholder.

Conditions for forming a company

The final condition is that the business activity is legal both in Hong Kong and in the country in which the business is conducted. Forming an offshore company should not and cannot be used to legitimize an illegal activity.

Hong Kong does not authorize financial activities, banking, betting, online gambling, and insurance, without an existing license.

Company registration procedure

Taxes and finances

Other information