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Why Hong Kong?
Hong Kong is part of China
Hong Kong is part of China
Being a Special Administrative Region (SAR) of China. Hong Kong enjoy the best investment terms from central government.
Being a Special Administrative Region (SAR) of China. Hong Kong enjoy the best investment terms from central government.
Such as :
Such as :
CEPA (Closer Economic Partnership Arrangement);
CEPA (Closer Economic Partnership Arrangement);
Withholding tax
Withholding tax
for Dividend;
for Dividend;
for Royalty fee;
for Royalty fee;
Highest ranking in Economic Freedom of the World Report
Highest ranking in Economic Freedom of the World Report
Hong Kong is a most important financial centre and a key regional trading centre.
Hong Kong is a most important financial centre and a key regional trading centre.
Also the world’s busiest port, and a top location for investments and headquarters of fortune 500 companies in Asia-pacific region.
Also the world’s busiest port, and a top location for investments and headquarters of fortune 500 companies in Asia-pacific region.
Hong Kong consistently ranks as one of the top most competitive and profitable places
Hong Kong consistently ranks as one of the top most competitive and profitable places
for business investors.
for business investors.
Heritage of British legal, administrative system and also Chinese culture
Heritage of British legal, administrative system and also Chinese culture
Hong Kong enjoy "One country, two systems" 50 years to keep the previous capitalist system and way of life is to remain unchanged.
Hong Kong enjoy "One country, two systems" 50 years to keep the previous capitalist system and way of life is to remain unchanged.
Hong Kong continues using english common law, except for any that contravene the Basic Law and subject to any amendment by the HKSAR legislature.
Hong Kong continues using english common law, except for any that contravene the Basic Law and subject to any amendment by the HKSAR legislature.
Most effective and efficient banking system in the world
Most effective and efficient banking system in the world
Hong Kong is definitely well known for its banking infra-structure. There is no restriction for fund flow into or out of Hong Kong bank accounts. The identity of account holder and transaction information are also subject to very high standard of confidentiality. Comparing with some kind of offshore bank account available in certain country, the benefits include :
Hong Kong is definitely well known for its banking infra-structure. There is no restriction for fund flow into or out of Hong Kong bank accounts. The identity of account holder and transaction information are also subject to very high standard of confidentiality. Comparing with some kind of offshore bank account available in certain country, the benefits include :
Clear location of bank account - the accounts are opened in Hong Kong. But some offshore bank accounts are in cities, such as Shenzhen or small offshore islands. Client may never have the opportunity to visit the bank.
Clear location of bank account - the accounts are opened in Hong Kong. But some offshore bank accounts are in cities, such as Shenzhen or small offshore islands. Client may never have the opportunity to visit the bank.
Lower minimum bank account balance - in Hong Kong, the minimum bank account balance can be as low as HKD 3,000. Below which a monthly administrative service fee of around HKD 50 will be charged. However, minimum balance of most offshore bank accounts is around USD 5,000 and corresponding service fee is around USD 50. The difference in service fee is 7 times.
Lower minimum bank account balance - in Hong Kong, the minimum bank account balance can be as low as HKD 3,000. Below which a monthly administrative service fee of around HKD 50 will be charged. However, minimum balance of most offshore bank accounts is around USD 5,000 and corresponding service fee is around USD 50. The difference in service fee is 7 times.
Cash deposit and withdrawal is possible - client may deposit and withdraw fund by cash or by transfer via any Hong Kong branch office of banks. However, for most offshore bank accounts, only wire transfer is acceptable.
Cash deposit and withdrawal is possible - client may deposit and withdraw fund by cash or by transfer via any Hong Kong branch office of banks. However, for most offshore bank accounts, only wire transfer is acceptable.
Available to all nationality - in China, foreign banks offer service of offshore banking for foreigners and foreign companies (such as a Hong Kong company), however, in case of a company, banks request that majority of the shareholders are foreigners.
Available to all nationality - in China, foreign banks offer service of offshore banking for foreigners and foreign companies (such as a Hong Kong company), however, in case of a company, banks request that majority of the shareholders are foreigners.
Therefore, most clients are willing to open bank accounts in Hong Kong where he can visit and carry out transaction.
Therefore, most clients are willing to open bank accounts in Hong Kong where he can visit and carry out transaction.
One of the lowest and simplest tax system in the world
Tax system in Hong Kong is simple and extremely low according to OECD (Organization for Economic Cooperation and Development) standards.
*No dividend tax;
*No capital gain tax;
*No withholding tax;
*No VAT tax.Hong Kong only has 3 direct taxes :
*Profits Tax - 16.5% on business net profit;
*Salaries Tax - 2% - 17% depends on the level of net income;
*Property Tax - 15% on rental income.
*And, business operating outside Hong Kong, income is not taxable.
More convenient in RMB trading
RMB Trade Settlement scheme launched in Hong Kong since June 2010.
Using Hong Kong company and Hong Kong business bank account can enjoy below :
RMB cash withdraw
*RMB cash withdraw is possible at HK branch;
*No maximum limit for cash withdraw in person;
Send & receive RMB remittance
*Can receive RMB directly in business account;
*Can transfer RMB from Hong Kong business account to Hong Kong personal account;
RMB investment
*Can use the RMB maintained in the account to purchase RMB related investment products;
Business nature and nationality
*All nationality and business nature can enjoy RMB services;
No exchange control
Hong Kong has no exchange control. Money can be freely deposited, withdrawn or transferred out of Hong Kong bank account without paying any taxes.
Tax exemption for non-HK source profit even for HK registered company
Hong Kong adopts a territorial source principle of taxation. Only profits which have a source in Hong Kong are taxable here. Profits sourced elsewhere are not subject to Hong Kong Profits Tax. The principle itself is very clear but its application in particular cases can be, sometimes, contentious.
To clarify the operation of the principle, Inland Revenue Department prepared a [ simple guide on the territorial source principle of taxation ].
It gives a brief explanation of how the principle operates and provides simple examples for illustrative purposes of the tests applied to different types of businesses. If you wish to explore the subject in greater depth, consultation with professional advisers is recommended.
No restriction of nationality in shareholder and director of HK company
Setup a Hong Kong company is simple.
Join our services can fulfill all Hong Kong government requirements.
Hong Kong Company Singapore Company BVI Company
Number of shareholder At least 1 At least 1 At least 1
Number director At least 1 At least 1 At least 1
Director nationality No restriction 1 of directors No restriction
should be Singapore resident
Shareholder also can
be Director Yes Yes Yes
Lower withholding tax in China for dividend
Allowing use of corporate shareholder and director in company structure
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