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Why Open an Offshore Company in Hong Kong?

Why Open an Offshore Company in Hong Kong?

Updated on Thursday 15th June 2017

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Why-Open-an-Offshore-Company-in-Hong-Kong.jpgForeign investments in Hong Kong are facilitated by a low taxation regime, no requirements for a minimum share capital and full foreign ownership. These conditions make Hong Kong one of the preferred location for basing an offshore company in the Asia-Pacific region.
Hong Kong offshore companies may be opened as an investment vehicle. Savvy investors can use this new company particularly because it benefits from some tax exemptions in Hong Kong.
Our Hong Kong lawyers can give you complete information about the requirements for opening an offshore company in Hong Kong and the legal steps for foreign investors.
We invite you to watch the following video on the main reasons why you should open an offshore in Hong Kong

Hong Kong’s advantages as an offshore jurisdiction

Hong Kong’s taxation regime is advantageous for offshore companies. The Special Administrative Region only taxes the income produced in Hong Kong and not the foreign-source one. Also, there are no withholding taxes on remitted earnings. 
Hong Kong has signed a number of double tax treaties with other countries that allow for the avoidance of taxation in both jurisdictions: this means that an offshore company in Hong Kong can be used as a holding vehicle. 
Another reason to open an offshore company in Hong Kong is that the city is easily accessible from Mainland China. This proximity is advantageous for many business owners who want to enter the large Chinese market. 

Opening a company in Hong Kong

Hong Kong has several requirements for company incorporation. The Companies Law requires that all companies are to be registered with the Companies Registry and that their directors and shareholders are stated in the company documents.
Investors who want to maintain their anonymity can choose to work with a nominee director in Hong Kong. Our attorneys in Hong Kong can help you assign a nominee director or shareholder.
Offshore companies are often incorporated as limited liability companies. This type of business is preferred particularly because its founders are not fully liable for its debts and obligations.
For more information about investing in Hong Kong and the requirements for offshore companies please contact our Hong Kong law firm.


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