Why Set Up a Hong Kong Offshore Company?
A Hong Kong offshore company is one of the best corporate structures in the world in our professional opinion. In addition, the ease of setting up a Hong Kong company has been recognised by the World Bank's Doing Business Survey, which ranks Hong Kong as the fifth easiest place in the world to start a business. Reasons for settingup a Hong Kong offshore company include: |
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| 1. | A Hong Kong offshore company is an excellent corporate vehicle to house global corporate profits, thus minimising international taxation. |
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| 2. | Favorable corporate tax rules make a Hong Kong offshore company the perfect holding company.
Visit this webpage for more information on Hong Kong tax planning strategy. |
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| 3. | A Hong Kong offshore company is an excellent medium through which to enter the Chinese market. Refer to this webpage for more information on using a Hong Kong offshore company as a vehicle to enter China. |
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| 4. | Hong Kong's corporate and personal banking system is considered one of the most secure in the world. Hong Kong has strict client confidentiality and bank secrecy laws and is not a signatory to the OECD tax harmonisation initiative, and so it does not exchange customer information across borders; |
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| 5. | In a tax haven jurisdiction, a Hong Kong offshore company is not perceived as a tax avoidance mechanism. Consequently, it is easy to open corporate bank accounts globally for a Hong Kong offshore company. Banks such as HSBC, Standard Chartered and Citibank provide corporate bank account services. |
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Back to Hong Kong Company Formation page. |
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Buy the Hong Kong chapter of Healy Consultants' Asia Business Set Up book for US$100, to order call +65 6735 0120 or e-mail email@healyconsultants.com
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