OFFSHORE COMPANIES - HONG KONG
Please click here to place your order for a Hong Kong Company.
About Hong Kong
Today Hong Kong is considered to be the 2nd most important financial centre in the world after London and with New York on 3rd place. It’s an extremely busy city, and its efficiency as financial centre and as a hub for international business is world-renowned. Hong Kong is Asia’s most important financial and commerce centre. There are over 135 licensed banks with over 120 of them being representatives offices for foreign banks. There are further more 39 licensed deposit taking Finance Companies, all of which play a significant role in the financing and international trade and commerce.
Hong Kong Companies
One of Hong Kong’s key advantages is that it isn’t considered to be tax haven since it’s more famous for just being a major financial centre. However Hong is one of few countries in the world today that taxes on a territorial basis. Most countries tax worldwide profits of a business, which include profits derived from activities outside of the country. Unlike other Asian countries such as Japan, Korea, Thailand, India and China; Hong Kong does not have any exchange or capital controls and therefore allow funds to move freely in and out of the territory.
Hong Kong profits tax is only charged on profits derived activities carried out in Hong Kong. This means that a company that carries on a business in Hong Kong, but receives all profits from another country, is not required to pay any tax in Hong Kong. Hong Kong sourced income is currently subject to a taxation of 17.5 %. Hong Kong does not tax capital gains, dividends or interest earned.
The factor that determines the actual locality of profits from trading in goods and commodities is generally the place where the contracts for purchase/sale are effected. “Effect” does not only mean where the contracts are legally executed but also covers the negotiation, conclusion and execution of terms of the contracts. If a business earns commission by securing byers for products, the activity which gives rise to the commission income is the arrangement of the business to be transacted between the principals. The source of income is where the activities have been performed. If they have been performed in Hong Kong, then they are taxed in Hong Kong, but if the company’s business activities have been performed outside Hong Kong, the profits will be tax-free in Hong Kong. This makes Hong Kong an extremely important vehicle for tax planning within the trading sector.
Hong Kong in Comparison to other Jurisdicitions
Hong Kong is one of the most important jurisdictions for tax planning purposes, as it is not subject to any review by the OECD. It is one of few offshore banking centres that is not subject to EU directive on withholding tax on savings accounts controlled by EU residents (other countries not effected by the directive – Panama and the Seychelles).
With China pushing forward with its modernization and rapidly growing economy, attracting foreign investments, Hong Kong will surely benefit from being internationally recognized as the gateway to China.
From 1595 EUR
+ Add 495 EUR for a corporate bank account with HSBC Hong Kong.
+ Add 795 EUR for a nominee dreictor & shareholder solution
Please click here to place your order for a Hong Kong Company.
Procedure
Go to the order form. Fill in your details, place the order, choose to pay by credit card or bank wire. Within minutes you will receive an invoice to your e-mail, and login details to our client area. Login to our client area, and upload details regarding the benficial owners and the directors or the one holding the power of attorney. Also upload the required documentation specified down below (or send it by e-mail). Please send the originals to our Hong Kong Office:
LPCS Ltd.
Attn: Due Diligence Dept.
3705 Bank of America Tower
12 Harcourt Road
Central
HONG KONG
Normally within 1-2 weeks from the date that we have received the payment and you have uploaded all the documentation and details, your company will be registered. We will send you the company documents by courier.
The corporate bank account can only be set up in person. To schedule a meeting with our representative and the bank, please contact us by e-mail or phone.
Required documentation from all beneficial shareholers:
* Certified passport copy
* Utility bill