Currently, opening a company in Hong Kong is an effective tool for resolving issues related to the legal reduction of the tax burden, protecting assets, rights and legitimate interests of the main beneficiaries.
An important nuance is also the fact that Hong Kong companies themselves, not being offshore, actually have all the advantages of such companies (no obligation to pay taxes when doing business outside of Hong Kong, no currency control, a convenient system for registering a company, etc.).
Advantages of opening a company in Hong Kong
- Zero tax rate. Provided that the company does not operate in Hong Kong, it is not liable to pay corporate income tax. If, however, such activities are carried out on the territory of the company, the tax will be calculated at a rate of 16.5 percent, which is very insignificant in comparison with many states. At the same time, all Hong Kong companies are required to submit appropriate financial statements. In addition, the company is required to conduct an annual tax audit, which makes such companies more transparent and increases their reliability status.
- Possibility to use the services of nominee shareholders and directors, which makes it possible to hide the real owner of the business.
- No need to pay for fixed capital.
- Convenient registration process that can be carried out remotely.
- Possibility of opening accounts in the most famous world banks.
Company registration procedure in Hong Kong
As mentioned above, the procedure for registering a company in Hong Kong is quite simple and usually takes no more than ten days.
The following documents are required to start the registration process:
- Passport (scanned copy) with translation into English.
- Proof of address (scanned copy of a document confirming the place of residence, for example: a stamp on the registration of residence, a utility bill or a copy of another similar document) with translation into English.
If you have any questions related to registering a company in Hong Kong, SGC specialists will be happy to answer them!
