Start a Hong Kong Offshore Company
Why establish a Hong Kong company?
- It’s fast, easy and affordable to establish
- Hong Kong banks are excellent and charge low fees
- Only one shareholder is required
- Territorial taxation; you pay 0% tax on foreign income
- Excellent reputation for conducting business
- Not considered a tax haven or blacklisted jurisdiction
- Uses British Common Law
- Tax treaties with several major countries
HOW IT WORKS
Minimum Share Capital: HK$1
Time to Establish: One week
Type of Company: Limited Company
Type of Law: British Common Law
HOW TO GET STARTED
Minimum Directors: 1 (any nationality)
Minimum Shareholders: 1 (any nationality)
Minimum Share Capital: HK$1
Local Visit: Not required
TAXES AND FEES
Taxes on Local Profits: 16.5%
Taxes on Foreign Profits: 0%
Must submit accounts: Yes
Must have audited accounts: Yes
Public audit: No
Why Hong Kong?
Starting a company in Hong Kong offers access to a wide array of services as well as the credibility of doing business in one of the world’s largest financial markets. Your clients will take your business seriously because it’s based in Hong Kong. Governments will also take your business seriously.
Because Hong Kong is not a zero-tax jurisdiction, doing business there does not raise red flags of tax avoidance. It is, however, possible to pay zero corporate tax with a Hong Kong company provided your income is not derived from Hong Kong. Income derived from Hong Kong is taxed at a low 16.5%.
Banks in Hong Kong are some of the most stable on earth, and accepting money from around the world is easy, whether by wire transfer, merchant account, or even Paypal. Banking in Hong Kong will ensure your business funds are safe and readily available.
The local currency is Hong Kong dollars but companies may use any currency they please, including US dollars, euros, and Chinese renmibi.
Hong Kong companies are required to file annual accounts, which means that you will need to keep records of your business activities to be audited each year.
While a Hong Kong company does not offer the kind of privacy and secrecy that a typical tax haven does, it is a cost-efficient and easy corporate structure to work with, and there are plenty of competitively priced service providers to help you.
Why Nomad Capitalist?
Our team is made up of entrepreneurs and investors just like you. We know why you’re going offshore and we know what you need. Because we speak your language, we will make sure you get the best advice possible before going offshore.
Nomad Capitalist offers unbiased advice both on our website and in offline consulting calls. We don’t represent one particular country. Instead, we recommend the best solutions for your needs and help to connect you with the people who can help you.
Are you ready to start an offshore company? Click the button below to apply for a consultation so we can help you cut through the clutter and get the expert advice you need to have peace of mind.