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:

  • Private Limited Company: it has a minimum capital of 1000 HKD and can be established with a minimum of 2 partners and a maximum of 50. Liability is limited to the amount of contributions.
  • Public Limited Company: it has a minimum capital of 1000 HKD and can be established with a minimum of 1 partner. Liability is limited to the amount of contributions.
  • Sole Proprietorship (Individual company): no minimum share capital is envisaged and the investor is liable for corporate obligations, with liability also extending to personal property.
  • Company Limited by Guarantee: no minimum share capital is envisaged and it can be established with a minimum of 2 partners. Their liability is limited to the amount of the shares paid at the time of establishment..
  • Unlimited Company: a minimum share capital of 1000 HKD is envisaged and it can be established with a minimum of 2 partners. Partners are jointly and severally liable without limitations.
  • General partnership: no minimum share capital is envisaged and it can be established with a minimum of 2 partners and a maximum of 20. Liability is unlimited on debts and obl√¨gations.
  • Simple limited partnership: no minimum share capital is envisaged and it can be established with a minimum of 2 partners and a maximum of 20. At least one partner must have unlimited liability. For the others, liability is limited to the amount of contributions paid.

HONG KONG

Hong Kong Flag
Average start-up times 6 days
Availability of pre-established (ready-made) companies Yes
Accounting Yes
Secretary Yes
Nominee Shareholder Yes
Nominee Director Yes
Average taxation 0%
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
Documents required
  • certified copy of passport or ID
  • residence certificate dating back less than 3 months
Time Zone UTC+8
Currency Honk Kong dollar
Risk indicators Average political risk: 11%
  • Expropriation and breaches of contract: 8%
  • Risk of war and civil unrest: 24%
  • Transfer of capital and convertibility: 1%
Average credit risk: 10%
  • Failure to pay by sovereign counterpart: 1%
  • Failure to pay by bank counterpart: 12%
  • Failure to pay by corporate counterpart: 17%
GDP growth 1,9%