Together with Macao, Hong Kong is one of two Special Administrative Regions of the People's Republic of China. A former British colony, it came back under China's control in 1997 but maintains its own jurisdiction, making it different from the rest of China. In fact, it has been stated that Hong Kong will maintain its (relative) autonomy until at least 2047.
Asia's leading financial centre, Hong Kong, guarantees the confidentiality of data, the possibility of having multi-currency accounts, the impossibility of questioning by the tax authorities, banking secrecy and a stable jurisdiction. Although Hong Kong has a tax rate of 17.5%, companies carrying out their business outside Hong Kong territory are not subject to tax and its offshore companies therefore have a tax rate of 0%.
The most common type of offshore company is the Private Limited Company. Generally speaking, the minimum capital required for establishment is 1 HKD, although it is about 10,000 HKD on average. Hong Kong has not entered into any agreement on double taxation, because taxation is subject to the principle of territoriality. Creating a company in Hong Kong requires three different procedures and lasts 6 days. Anyone can establish you a company and majority participation is allowed.
The following types of company can be established:
|Average start-up times||6 days|
|Availability of pre-established (ready-made) companies||Yes|
|Published information about the company's directors||The names of the company's executives are registered. Executives can be appointed to prevent the customer's name from appearing|
|Accounting obligations||Annual. Accounts are not publicly accessible|
|Legislation and controls||
The Hong Kong Company Registry is the authority regulating companies under the "Hong Kong Companies Ordinance 1984"
|Confidentiality||Bearer shares are not permitted|
|Currency||Honk Kong dollar|
|Risk indicators||Average political risk: 11%