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Hong Kong Offshore Company
Hong Kong Offshore Company
Hong Kong, officially known as Hong Kong Special Administrative Region of the People’s Republic of China, is a region on the southern coast of China geographically enclosed by the Pearl River Delta and South China Sea.Hong Kong is known for its expansive skyline and deep natural harbour, and with a land mass of 1,104 km2 (426 sq mi) and a population of over seven million people, is one of the most densely populated areas in the world.Hong Kong’s population is 93.6% ethnic Chinese and 6.4% from other groups. Despite presence of inhabitants in the area during Imperial China, the idea and reality of modern Hong Kong owes much to the 155-year British rule.
As a result of the negotiations and the 1984 agreement between China and Britain, Hong Kong was handed over to the People’s Republic of China and became its first Special Administrative Region on 1 July 1997, under the principle of “one country, two systems” (the other special region, Macau, attained that status when Portugal handed it over in December 1999).
Hong Kong is a world city and is one of the Alpha+ cities. It has the largest income inequality among advanced economies. It also has one of the highest per capita incomes in the world, and has a high Human Development Index and high international rankings in financial and economic competitiveness.
As Hong Kong ranks as the third most important international financial centre, after London and New York City, it has a major capitalist service economy characterised by low taxation and free trade, and the currency, the Hong Kong dollar, is the eighth most traded currency in the world.
– Source Wikipedia -.
The British military traditionally dominated Gibraltar’s economy, with the naval dockyard providing the bulk of economic activity. This however, has diminished over the last twenty years, and is estimated to account for only 7% of the local economy, compared to over 60% in 1984. Today, Gibraltar’s economy is dominated by four main sectors: financial services, Online gambling, shipping and tourism (including retail for visitors).In the early 2000s, many bookmakers and online gaming operators relocated to Gibraltar to benefit from operating in a regulated jurisdiction with a favourable corporate tax regime. Tourism is also a significant industry. Gibraltar is a popular port for cruise ships and attracts day visitors from resorts in Spain. The Rock is a popular tourist attraction, particularly among British tourists and residents in the southern coast of Spain. It is also a popular shopping destination, and all goods and services are VAT free.
A number of British and international banks have operations based in Gibraltar. Jyske Bank claims to be the oldest bank in the country, based on Jyske’s acquisition in 1987 of Banco Galliano, which began operations in Gibraltar in 1855. An ancestor of Barclays, the Anglo-Egyptian Bank, entered in 1888, and Credit Foncier (now Crédit Agricole) entered in 1920. In 1967, Gibraltar enacted the Companies (Taxation and Concessions) Ordinance (now an Act), which provided for special tax treatment for international business.
This was one of the factors leading to the growth of professional services such as private banking and captive insurance management. Gibraltar has several positive attributes as a financial centre, including a common law legal system and access to the EU single market in financial services.
– Source Wikipedia -.
- eCommerce over Internet Businessmen Consultants International Business concerns
Stockbrokers Forex traders Holding of Intellectual Property rights
Custody of movable and immovable properties Inheritance purposes Nuptial arrangements
Contruction companies Expats
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| Hong Kong Key Company Features | |
|---|---|
| General | |
| Company type | Private Company |
| Type of Law | Common Law |
| Requirement for registered office and address | Yes.Must be maintained in Hong Kong |
| Name restrictions | Names of existing firms,or names similar enought to cause confusion.Names that would be regarded contrary to the public interest.Names that would imply any association with the PRC or HKSAR. |
| Names requiring consent | ”Department”,”Govornment”,Bureau Federation”,”Council” ”Authority”,”Building Society”,”Chamber of Commerce”, ”Cooperative”, ”Bank”,”Assurance”. We can assist with naming and permissions. |
| Language of name | English or Chinese |
| Allowable suffixes | Limited |
| Corporate Taxation | Hong Kong is imposes WORLD tax on a territorial bases. This means that profit tax is derived ONLY from business profits derived from an offshore source. Profits derived in Hong-Kong however is subject to taxation of 16.5%. Note that Hong Kong has double taxation treaties with multiple countries. |
| Corporate legislation environment | The Hong-Kong company registry is the govorning authority and regulated under the Hong Kong companies ordinance act of 1994. |
| Language of legislation and official documentation | English and Chinese |
| Offshore legisltation environment | Modern and Secure Legislation |
| Restrictions on Trading | A Hong Kong registered company cannot indulge in activities related in banking and assurance and or solicit funds or sale of shares to the public. |
| Confidentiality | Names of shareholders are not subject to disclosure to authorities. |
| Stability | Stable juristiction with solid reputation |
| Formation Time | 3-4 days |
| Bearer Shares | Bearer shares are not permitted |
| Timezone | GMT+8 |
| Share capital requirements | |
| Official currency | HK$ |
| Permitted currencies | Any |
| Share capital requirement | 1HK$ ie 1 share |
| Directors | |
| Minimum Directors | 1 (has to be at least 1 physical person) |
| Requirement for local administrator or Director | None |
| Location of meetings and General Assembly | Anywhere |
| Shareholders | |
| Minimum number of shareholder/s | 1 |
| Public records access requirements | Yes |
| Company Secretary | |
| Requirement | Yes |
| Local or licensed requirement | Yes |
| Statutory Accounts Requirements | |
| Accounting/Reporting requirements | Yes |
| Annual Tax returns | Yes |
| Requirements for Audit | Yes |
| Public Accesability of Accounts | No |
| Incorporation Procedure and Documentation | |
| A certified passport copy (or identity card), as well as proof of domicile (ie utility bill) dated less than three months.Note: It is possible to represent you with a confidential mandate.Click on the below link to be redirected. | |