Incorporate Offshore Companies of Hong Kong With the Help of ISOG Lawyer.
Hong Kong is located on the southern coast of the People’s Republic of China. There is an estimated population of 7 million people and a land area of less than 1,092 square kilometres. The official language is English and Chinese and its currency is the Hong Kong dollar (HK$). The primary industries are the financial and investment services. The company law is based on the United Kingdom Company Ordinance of 1932, which has been amended many times, most recently in 2005.
Offshore companies can carry out the same types of business as onshore companies and the liability of its shareholders is generally limited to the amount of capital they have invested into the company.
The tax rate applied by the government in the jurisdiction in which an offshore company is incorporated is very low if not zero. In some jurisdictions, offshore companies offer a high level of confidentiality which onshore companies do not have.
Usually an offshore company cannot operate in the jurisdiction where it has been incorporated. An exception is Panama, where an anonymous company can at the same time operate offshore at a zero tax rate and onshore at the local tax rate.
The formation of an offshore company is quite simple, as well as its management and administration, but it requires some planning. In fact, a company does not need to be administered in the country of its incorporation.
What you need to think about is the objectives you want to achieve by setting up an offshore company: Do you need confidentiality?; Do you need to operate freely in European countries?; Do you need to operate in countries which have a double taxation agreement in place?; or Do you need to protect your company assets from confiscation or expropriation orders or similar actions by foreign governments?
- Confidentiality on shareholders information
- Based on English Law
- Are not identified as offshore companies
- Neutral tax jurisdiction
- Regulated financial services industry
- None exchange controls
- No restrictions on foreign Investment
- Allotment of Multi-Currencies
- Incorporated in Chinese and/or English language
|Type of company||Private Company Limited by Shares|
|Companies Law||Companies Ordinance, Cap. 32|
|Bearer Share Permitted||No|
|Minimum License Fee||USD 340|
|Disclosure of Ownership||No|
|Corporate Seal Required||Yes|