A former British Colony but now part of the Republic of China, Hong Kong is considered a major international center for business. Hong Kong is classified as a Special Administrative Region (SAR) within the Republic of China and has retained its own legal system which is based on the British system with the official languages being English and Chinese. Hong Kong is one of the worlds most established and reliable financial centers. The economy is considered to be one of the freest in the world (as measured by the Index of Economic Freedom).
- Major trading entity offering unparalleled business validity.
- There are no restrictions on the use of foreigners as Shareholders.
- Corporate Director and Secretary are allowed.
- The incorporation of a Hong Kong company is simple and quick.
- No minimum requirements for share capital.
- Only one Director and Shareholder is required to form a limited
liability company.
- Profit is not subject to Hong Kong income tax.
- There is no capital gains tax in Hong Kong.
- There is no withholding tax on interest, dividends and royalty.
- Foreign dividends are not subject to Hong Kong income tax.
- Tax credits for foreign tax paid are available in Hong Kong, however they are subject to some conditions.
- There is no net worth tax, sales tax or VAT tax in Hong Kong.
- Excellent banking system and communications infrastructure.
