Offshore Formation Blog

Why Form Hong Kong Companies?

Monday, February 13, 2012

If you are in business and are thinking about forming an offshore company, one great option is Hong Kong, situated on the south coast of China. This jurisdiction has plenty of benefits which anyone can take advantage of. Whether you are a first time business owner, or an experienced entrepreneur, Offshore Formations 247 will set you on the road to success with Hong Kong companies. However, you may ask – why form Hong Kong companies?

Well, there are plenty of benefits for you to enjoy when forming Hong Kong companies. The corporate taxes there are minimal, and it is one of the leading international financial centres in the world. These and other beneficial allowances create the ideal conditions for offshore companies.

Hong Kong Corporate Taxation

UK business people can enjoy immunity from capital gains and inheritance tax when they form their companies in Hong Kong. This jurisdiction will only charge offshore companies tax on earnings generated within its boundaries. Hong Kong companies are free to trade anywhere else in the world and benefit from the tax exemptions.

If you do trade within Hong Kong itself, you will be liable for the current 16.5 percent tax rate, which is quite reasonable. To take advantage of total tax immunity, however, all your business must be carried out beyond the boundaries of Hong Kong. 

Nominating Directors

Hong Kong companies must nominate at least one director and one shareholder for their company and they can be of any nationality.

Anonymity

Company accounts must be prepared, but Hong Kong companies will not be required to publish them in the public domain. This allows these companies to enjoy a great level of anonymity.

Offshore Formations 247

Offshore Formations 247 are proud of our quick and efficient company formation service. We have incorporated numerous Hong Kong companies over the years. When you choose us for your company formation, we will deal with everything on your behalf in a prompt and professional manner. Hong Kong companies can typically be completed within seven days.

 

Comments (0)

Go Back

Recent Posts

Tags

Belize Companies offshore registration Offshore formation companies offshore offshore companies company offshore offshore company incorporation British Virgin Islands Company Formations Buy Offshore Company offshore corporation registration offshore company Seychelles Companies offshore company formation Gibraltar Companies offshore company, offshore company registration Seychelles Company Formation British Virgin Islands Companies Hong Kong Companies? offshore corporation

Archive

  • Barclays Bank
  • British Caribbean
  • HSBC
  • FBME
  • Standard Charter
  • Reitumu

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
Comments (0)

Copyright © 2011 Offshore Formations 247 all rights reserved.