Offshore Formation Blog

The Benefits of Hong Kong Company Formation

Monday, February 13, 2012

Businessmen and women who are considering forming an offshore company should not overlook Hong Kong as a base. It is a very desirable location and has been chosen by many businesses. At Offshore Formations 247, we can offer a variety of business configurations to suit all requirements. The Hong Kong company formation process can typically be completed in around a week. So, what the benefits of Hong Kong company formation?

Hong Kong

China, where Hong Kong is situated, has two administrative regions. One of these is Hong Kong, which is a very heavily populated area with an amazing skyline. Hundreds of businesses have chosen this region for their offshore companies. It is one of the major business centres in the huge continent of Asia and has the largest international economy. In addition, it also enjoys an extremely low rate of tax.

The Advantages

Offshore Formations 247 will deal with all the essential documentation required to complete Hong Kong company formation for you. You can then start up your business to get started in a very short period of time. You can then enjoy all the benefits of Hong Kong company formation, including the competitive 16.5 percent tax rate. This generous taxation system will allow your company to potentially save thousands of pounds over the years, compared with all the tax you would be liable for in the UK and many other major industrialised countries. Better still, if you do not trade within the boundaries of Hong Kong, you will qualify for total tax exemption on your company’s earnings.

A Stable Jurisdiction

You will obviously wish to form your offshore business in a safe and secure country. Hong Kong meets these requirements and more. The stability of its economy, coupled with its flourishing financial hubs, help make Hong Kong a great jurisdiction to incorporate your offshore business.

Hong Kong Company Formation

Offshore Formations 247 are experienced in incorporating Hong Kong companies, and we will strive to complete your offshore company formation as quickly and effectively as possible. Seven days is the typical time the process will take. We have built up great contacts with agents in Hong Kong and will pass on this experience to our clients. Our friendly and helpful staff are always completely au fait with all the latest financial and legislative regulations in Hong Kong. You can therefore have confidence in us to help you on your way to a successful and profitable offshore business.

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Income Tax Avoidance Rules For Offshore Companies

Wednesday, May 16, 2012

A new guide on income tax anti avoidance rules for offshore companies is now available in the article resource library. Many companies and individuals setting up offshore companies for the first time need to be aware of how their offshore company will be affected by tax anti avoidance rules which can apply to both income tax and capital gains purpose.  The article explains that there must be a transfer of assets by an individual in the initial incorporation process. As a result of the transfer of assets, income becomes payable to a non-resident company or trust. The transferor must have the power to enjoy the income in some way or receive/be entitled to receive a capital sum. The transferor must be ordinarily resident in the UK in the year of liability. The guide provides a detailed account of the benefits that could be taxed under the tax avoidance rules. It also provides some valuable methods to avoid being caught by such provisions. One way to prevent being caught by the above provisions will include ensuring that the individual and their spouse are excluded from benefiting from the offshore company. The guide provides a detailed account of the benefits that could be taxed under the tax avoidance rules. It also provides some valuable methods to avoid being caught by such provisions.

To read the article in full visit Offshore Companies – Income tax anti avoidance rules
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