Why to Incorporate offshore in Hong Kong

Today, many investors and entrepreneurs are choosing to set up their businesses overseas especially in jurisdictions like Hong Kong. The rationale behind this trend is to primarily facilitate entry into an international market and to benefit from tax friendly jurisdictions. Hong Kong is considered one of the best cities to establish and run a business, as it scores high on factors that matter to businesses. Strategic location, productive work-force, stable economic and political environment, attractive tax regime, pro-business environment, world-class infrastructure, an effective legal system are some of the factors that continue to contribute to its success. 

Advantages of Incorporating in Hong Kong:-

• A Hong Kong business set up is an efficient vehicle which faces minimal corruption, restrictions and red tape. Consequently, the city is ranked as the best place in the world to start a new business.
• A Hong Kong offshore entity is an excellent corporate vehicle to house global corporate profits, while legally minimizing taxation.
• Incorporating a HK offshore business set up serves as the ideal gateway to Chinese market, alongside the Indian and the Australian markets.
• Favorable corporate tax rules make Hong Kong’s offshore entity the perfect holding company.
• HK’s corporate and personal banking system is considered one of the most secured in the world. The city’s government has strong client confidentiality guidelines and has committed to the OECD tax principles.
• HK offshore company, unlike some other low tax jurisdictions, is not perceived as tax avoidance mechanism. Consequently, it is easy to open corporate bank accounts globally for such a company.
• In order to increase transparency and strength of their offshore solutions, the HK government makes it mandatory to list the company’s details on the Company Register for public viewing.
• A HK offshore entity is an excellent corporate vehicle to house global corporate profits, while legally minimizing taxation.
• A Hong Kong offshore company is easily set up as Paper Company within 1 week with only 1 director and 1 shareholder who can be of any nationality.
• Incorporating a HK offshore business serves as the ideal gateway to Chinese market, alongside the Indian and the Australian markets
•  Favorable corporate tax rules make the HK offshore entity the perfect holding company.

To learn more about incorporation in the Bahamas or any other offshore jurisdiction, please follow the link below - See more at: http://globalcompanyformation.co.uk or ring us on +44 (0)2079935929.

Global Company Formation UK Ltd 

Suit 6-Westward House

Glebeland Road Camberley

Surrey, GU15 3DB

Tel: 02079935929

E  :info@globalcompanyformation.co.uk

W :www.globalcompanyformation.co.uk

Welcome to Global Company Formation UK

We offer formation advice to start up business globally. We advise you of the mode of start up like limited company, partnership, sole trader, trust and which is more suitable to your business. Our professional team consists of Lawyers, Chartered Accountants & Business Consultants in all major jurisdictions across the globe. We guide you to the country of formation on the basis of your domicile status, double taxation agreement, international plan and repatriation rule of each country. Now you can form your business anywhere in the world with us and we care your business.

Mathew Stephen FCA, AAIA, CeFA

Mathew Stephen is the founder Director of Global Accountancy Services. He is a qualified accountant from the Association of International Accountants in the UK and the Institute of Chartered Accountants of India. He is also one of the partners of international Chartered Accountants firm P. Parikh & Associates. He has 20 years’ experience in accounts, business consultancy, taxation & statutory audit. He is also a UK Independent Financial Advisor (IFA) and CeFA qualified at the IFS School of Finance.

He has won the Online Technology Award in two consecutive years, 2011 and 2012, from the Tenet Network. He specialises in Global Company Formation, International Taxation and also as Corporate Protection Advisor to the directors of Limited Companies.