Hong Kong Business Formation

A properly-structured Hong Kong International Business Company (IBC) is an excellent tax-efficient corporate vehicle through which international business can be conducted. The following information will help you determine if Hong Kong business formation is the optimum solution to fulfill your international business objectives.
Advantages of Hong Kong Business Formation
1.	Hong Kong business formation is not perceived as a tax avoidance mechanism in an offshore tax haven. That said, if properly structured, Hong Kong business formation is a tax-exempt method of booking profits sourced outside Hong Kong (visit the Hong Kong Inland Revenue Department website for further information). A Hong Kong company also accesses double taxation Hong Kong has signed with other countries. To see a list of the countries Hong Kong has signed with, visit this webpage.
2.	Because of its regulated business environment and stable economy, Hong Kong business formation is a secure, long-term structure. The lack of corruption in Hong Kong (see figures here), also facilitates business formation.
3.	Hong Kong business formation projects an excellent reputation, making it an excellent structure to promote to clients, suppliers, investors and venture capitalists.
4.	Hong Kong business formation is an excellent way to enter China, particularly when supported with a Hong Kong virtual office.
5.	Because Hong Kong refuses to exchange customer banking information with the Organisation for Economic Cooperation and Development (OECD), Hong Kong business formation is a secure long-term option. To support Hong Kong business formation, Hong Kong offers the best corporate banking facilities in Asia, with banks like HSBC, DBS and Standard Chartered (refer to our offshore banking in Hong Kong page).
6.	Hong Kong business formation is simple. The World Bank ranks Hong Kong as one of the world's easiest places to do business (see the rankings here).
Disadvantages of Hong Kong Business Formation
1.	Following Hong Kong business formation and according to Hong Kong law, annual accounts must be submitted for audit.
2.	Hong Kong business formation does not benefit from a good network of double taxation treaties.
Healy Consultants' fees for Hong Kong Business Formation
Hong Kong business formation costs in Year 1 amount to US$2,700 and annual company costs in Year 2 and thereafter amount to US$1,700. These costs include i) annual government license fees ii) registered business office for 12 months and iii) company secretary fees for 12 months. Hong Kong business de-registration costs amount to US$1,450.
Other Information on Hong Kong Business Formation
Refer to the following links to read more about Hong Kong business formation.
i)	Hong Kong Jurisdiction Summary
ii)	Hong Kong Offshore Banking
iii)	Why set up a Hong Kong Offshore Company
iv)	Frequently Asked Questions about Hong Kong business formation;
v)	Other Services to support Hong Kong business formation.
Contact Us
For more information on Hong Kong business formation, email email@healyconsultants.com or call us in Hong Kong at +(852) 8331 1911.
Back to Hong Kong Company Formation page.

Buy the Singapore chapter of Healy Consultants' Asia Business Set Up book for US$100, to order call +65 6735 0120 or e-mail email@healyconsultants.com

Singapore Company formation, Dubai Company formation, Offshore Company formation