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The advantages of a Hong Kong Offshore Company
Going for an offshore incorporation is a great way of expanding your business and the many offshore jurisdictions reduce the burden of the taxes that are required to be paid in case of onshore companies to a great extent. An offshore entity is a real smart move, especially for owners who do business internationally.
There are many offshore destinations all around the world and one of them in Hong Kong and here in this article; we would deal with the benefits of opening a Hong Kong Offshore Company.
Benefits of Hong Kong offshore company incorporation:
Incorporating a Hong Kong offshore company is inexpensive.
Hong Kong has a very stable economy and also happens to be one of the freest and this is a tag that it has managed to hold not for 1 or 2 years…but 17 years in a row.
Also the percentage of corruption in Hong Kong is very less as compared to many other offshore jurisdictions around the world. In fact, it is ranked ahead of many top countries of the world like the UK, the US, Germany and Japan.
The presence of high-end business structure is another added benefit.
Hong Kong also is the home to a huge pool of skilled staff and recruiting norms are also simple and flexible.
Though Cantonese is the main language that is spoken in Hong Kong, English is also spoken widely and hence, language is not a barrier when opening a company here.
The position of Hong Kong is also quite strategic in respect to doing business in China which happens to be the fastest growing economy in the world and also rest of Asia.
If you are foreigner and you are planning to start an offshore company here, then you can own 100% of the company’s share meaning the entire company and you can be the sole shareholder and sole director as well. There is no requirement of having a Hong Kong citizen as a shareholder or a director of your company.
Hong Kong is one of the leading financial and trading centers in the world.
The minimum requirements
The following are the requirements for a Hong Kong offshore:
An office address in Hong Kong that is registered and
A certificate claiming that your business is registered.