Starting a business in Hong Kong is quick and simple for international clients with the help of Healy Consultants. Hong Kong is an ideal way for entrepreneurs to access the buzzing Hong Kong and Chinese economies. Tax planning in Hong Kong is relatively straightforward compared with most jurisdictions, since it is a low-tax jurisdiction with relatively simple tax laws compared to many 'onshore' jurisdictions. When undertaking any Hong Kong tax planning, note that taxes are levied only on income earned in Hong Kong. Income earned offshore is not taxed, even if it is remitted back into Hong Kong. The following information, along with our Hong Kong Company Registration Guide, are important aspects to consider when tax planning in Hong Kong include:

There are no capital gains taxes, withholding taxes, value added tax, sales tax, accumulated earnings taxes.

The profitable sale by a Hong Kong company of foreign real estate is tax-free

A core Hong Kong tax planning service provided by Healy Consultants is advice on Hong Kong Company Formation. The correct corporate structure is important for ensuring that the Hong Kong business is operated efficiently and legitimately.

A core Hong Kong tax planning service provided by Healy Consultants is advice on Hong Kong Company Formation. The correct corporate structure is important for ensuring that the Hong Kong business is operated efficiently and legitimately.

Unlike many jurisdictions, losses can be carried forward indefinitely in Hong Kong.

The Hong Kong tax year starts on 1 April. The governing body for tax-related affairs is the Inland Revenue Department.

Consolidated group accounting, whereby the profits of one company in a group are set off against the losses of another group company to reduce total profit liable to profits tax does not exist in Hong Kong.

Mergers and Acquisitions (M&A) - some clients request assistance with M&A plans. Our Hong Kong tax planning services include expert advice on drawing up an M&A roadmap and developing a tax-efficient structure.

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Healy Consultants' Hong Kong tax planning services are tailored to meet your precise needs. Unlike many corporate services providers, we take a global outlook to our Hong Kong tax planning services, providing creative solutions which best fit your needs. Our tax planning professionals enable us to provide the best Hong Kong tax planning services to organisations of all sizes.

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Hong Kong corporate and income tax advice - Healy Consultants' Hong Kong tax planning services include advice on the latest corporate and income tax rates in Hong Kong. We also assist our clients to prepare and submit Hong Kong corporation tax returns and tax returns to the Hong Kong Inland Revenue Department.

Tax efficiency - our Hong Kong wealth management services can legally help clients minimise international tax liabilities. Companies incorporated in jurisdictions such as Hong Kong pay no tax on revenues sourced outside the country. Many countries have also signed double taxation treaties with other countries to prevent taxes levied twice on the same income, profit, capital gains or inheritance. Our Hong Kong wealth management services also take into account confidentiality and privacy concerns.

International tax legislation - keeping abreast of international tax legislation is at the heart of a successful tax minimisation strategy. Healy Consultants' tax experts keep clients informed of regulatory changes in Hong Kong before they can have any negative impact, and is therefore one of our most valuable Hong Kong tax planning services.

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Double taxation treaties - Hong Kong is increasing its network of Double Taxation Treaties (currently 13 treaties), including the recent DTA with Ireland. Healy Consultants Hong Kong tax planning services include keeping clients abreast of the latest tax relief rules in relation to trade with China.

Hong Kong corporate bank account - offering a reputable, reliable corporate bank account is a fundamental part of Healy Consultants' tax planning services portfolio. We assist clients in opening a Hong Kong corporate bank account with leading Hong Kong banks.

Starting a business in Hong Kong is a secure long-term strategy.

Starting a business in Hong Kong is quick and simple. The ease of business start up in Hong Kong was recognised by the World Bank's Doing Business Survey, which ranks Hong Kong as the second easiest place in the world to start a business.

Due to its location, entrepreneurs starting a business in Hong Kong have excellent access to China. When setting up a business in Hong Kong, many of our clients choose a Hong Kong virtual office to support their regional operations.

The 2011 Index of Economic Freedom by the US-based Heritage Foundation rates Hong Kong as the world's freest economy. Entrepreneurs starting a business in Hong Kong benefit from trade, fiscal and labour freedom, low levels of corruption and open investment policies.

Starting a business in Hong Kong also serves as a potential gateway to China, and is an attractive proposition for foreign investors. The Hong Kong Government has announced several initiatives that encourage more China-Hong Kong tie-ups. For example the Shenzhen-Hong Kong Innovation Circle framework is designed to encourage overseas enterprises to conduct scientific research in Hong Kong.

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Private banking - these Hong Kong wealth management services are best suited to clients who have in excess of US$1 million. Healy Consultants introduces its clients to professional private Hong Kong bankers who are responsible for every detail of a financial transaction or investment.

Hong Kong brokerage accounts - a cost-effective way of trading on stock exchanges via the Internet.

Multi-currency deposit accounts - a core Hong Kong wealth management service, high interest accounts are available in major global currencies with leading international banks.

Asset protection through trusts and foundations - entrepreneurs and high net worth investors require Healy Consultants' assistance with migration of assets into an offshore trust. Through this Hong Kong wealth management services, our clients no longer own the assets, thus minimising international taxation and optimising asset protection.

Healy Consultants Hong Kong wealth management services also includes retirement planning and inheritance planning - for example, making a will, setting up a trust, advice with inheritance and capital gains taxes etc.

Evaluation of investments including return on investment, quantifying risk, due diligence of companies are also apart of our Hong Kong wealth management services.

Asia, especially Hong Kong, is witnessing a major rise in individual wealth and assets. Demand for Hong Kong wealth management services such as fund management and private banking is growing as global capital flows shift from the West to the East. This brief summary of the development of the offshore company provides more information on this capital flow trend. In response, Hong Kong wealth management services are geared to provide the most modern and most relevant asset management services to Asia-based and international high net worth individuals.

Our Hong Kong wealth management services are tailored for high net worth individuals and those seeking to broaden their international portfolio. Using our Hong Kong wealth management services will enable you to get the most out of the thriving Hong Kong financial market with minimal tax liabilities and considerations.

For more information on starting a business in Hong Kong or Hong Kong tax planning services, contact email@healyconsultants.com or telephone us at +(852) 8331 1911.