Hong Kong offshore company

Hong Kong offshore company

HK offshore registration solutionsA Hong Kong offshore company will be setup as a paper company. Like its onshore counterpart, this entity can be incorporated with 1 director and 1 shareholder, and US$1 as the share capital. Furthermore, this entity affords our Clients several advantages, which are detailed below.

Why setup a Hong Kong offshore company?

  1. A Hong Kong offshore company serves as an excellent corporate vehicle to house global corporate profits, while legally minimizing taxation i.e. our Client’s company will be legally tax exempt if no trade is conducted within the city. Plus, there will be no capital gains tax, no withholding tax, no value added tax, no sales tax, and no accumulated earnings tax levied on the company income;
  2. An offshore company serves as the ideal gateway to Chinese market, along with the Indian and the Australian markets;
  3. Prevailing corporate tax rules in Hong Kong make the offshore entity the perfect holding company. Please refer to our tax planning page for more information on taxation strategies;
  4. Unlike some other low tax jurisdictions, Hong Kong based offshore company will not be perceived as tax avoidance mechanism. Consequently, it is easy to open corporate bank accounts globally for such a company. Internationally renowned banks such as HSBC, Standard Chartered, and Citibank provide excellent corporate banking account services;
  5. The Hong Kong government makes it mandatory to list the company’s details on the Companies Registry for public viewing. However, in order to protect our Clients’ privacy, Healy Consultants offers nominee services i.e. our appointees can act as your company’s nominee shareholder and director if you wish to shield your identity from the public register;
  6. Offshore companies have several uses, including i) international trading ii) holding company iii) shipping company iv) owning real estate v) owning copyright and patents and vi) international consulting services.

Table comparing offshore and onshore companies

 Onshore companyOffshore company
Corporate structuring considerations
Type of business entity?Limited liability companyLimited liability company
Minimum number of shareholders?11
Wholly foreign-owned?YesYes
Minimum number of directors?NoNo
Resident director required?NoNo
One individual director required?YesYes
Corporate directors allowed?YesYes
Resident company secretary required?YesYes
Business activities considerations
Legally tax exempt in Hong Kong?NoYes
Corporate income tax on trading income?16.5%0%
Can trade with local customers?YesNo
Can do business within Hong Kong?YesNo
Can open a local corporate bank account?YesYes
Can open bank account overseas?YesYes
Can rent local office?YesYes
Can hire staff in Hong Kong?YesNo
Allowed to own shares in HK companies?YesNo
May own yachts registered in HK?YesYes
Can apply for immigration visa?YesYes
Fees and timelines
Shelf companies available?YesYes
Total engagement timelines?US$2,350US$2,350
Draft invoice?HK onshore company pdfHK offshore company pdf

Healy Consultants services

Our firm will be pleased to provide the below mentioned services in order to support our Client’s Hong Kong offshore business:

  1. Healy Consultants offers virtual office services which include i) providing office space to Clients ii) providing a business address for invoicing purposes iii) phone, fax, and email support and iv) global call centre support;
  2. Assistance with opening an international corporate bank account featuring world-class multi-currency internet banking facilities. Our firm works with international banks, including HSBC, DBS, Citibank and Standard Chartered;
  3. Healy Consultants assists our Clients with obtaining corporate finance, trade finance and establishing international merchant account to support the company setup;
  4. Accounting and taxation support is a key service our firm provides to our Clients. This may include i) corporate structuring ii) assistance with minimizing withholding tax iii) preparing and filing tax returns and financial statements and iv) assistance with payroll and investments;
  5. Our firm provides HR support for a Hong Kong offshore firm, including assistance with obtaining employment and entrepreneur visas in any country;

Check out offshore company formation for other offshore jurisdictions

Contact us

For additional information on our offshore company registration services in Hong Kong, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
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