PRESENTATION
A large number of company creators choose Hong Kong, one of the most liberable economiesand more dynamic today, considered the first financial center in the world.
Hong Kong is for many a middle ground between a strong and secure jurisdiction and a hubfiscally attractive offshore.
Hong Kong indeed enjoys an excellent reputation that allows it to escape the clichéscommon in tax havens. Use of local currency (HK $) based on the US dollar.
guarantees great stability.
SOCIETY CREATION
• To create a company in Hong Kong, it is enough with a shareholder, a director and asecretary, who can also be the same person (legal or natural person), withoutlocal residence obligation.
Using a nominee (or figurehead) for the figures of director and shareholders allowspreserve the anonymity of the creators.
• There is no minimum capital requirement.
• The company registered in Hong Kong must have an accounting book and present theaccounts (which are not accessible to the public).
You must also comply with the obligations related to the tax return and with aannual audit. These procedures can easily be carried out by a local agent.
• Companies registered in Hong Kong can carry out investment operationsbut they are also perfectly adapted to commercial activities, especiallywith Asia. CEPA bilateral free trade agreement makes Hong Kong the ideal springboardto start a business with China.
TAXATION
On a tax level, Hong Kong presents a very advantageous situation for unearned profitslocally, as they do not have any enforcement. The income tax is 16.5%when it comes from local activities.
Common point with offshore jurisdictions of the "tax haven" type, the dividends and income of thecapital do not pay taxes.
Also, there is no sales tax or VAT.