Create Companies in Hong Kong

1. Create Companies in Hong Kong The main advantages when setting up a business in hong kong as a foreign are: There is no corporation tax on profits or income Without VAT A single person required for its creation There is no minimum capital to establish the company Insured anonymity for shareholders and directors Bank secrecy is respected Register your company in a few days Full transparency vis-à-vis customers and suppliers The best reputation in the world of companies in tax havens internationally. Finally, an important point: it is not necessary to reside in Hong Kong to create a business, company, society or to conduct business. The main points to remember about the jurisdiction for settingup a business in hong kong as a foreign: Only one shareholder and one director are necessary for registration The shareholder and director can be the same person There is no requirement that the shareholder or the director be a resident of Hong Kong The director of the company cannot act as secretary of the company There is no minimum capital to establish an offshore company in Hong Kong The tax in Hong Kong is based on the criterion of territoriality, which means that any commercial activity in Hong Kong is subject to income tax at a rate of 16.5% for companies. Hong Kong offers tax advantages for all prominent entrepreneurs and business leaders. There is no sales tax or tax on activities carried out outside of Hong Kong. You can use your company in Hong Kong to buy or sell goods and services anywhere in the world thanks to the good image of Hong Kong. Hong Kong is a very appropriate place for service activities. It is the second most important activity in Hong Kong after import-export.