Formation procedures for HK & offshore companies are simple. There is no need to come to HK for company incorporation. HK, being an International Finance Centre & a Tax Heaven, has the benefits of well-established legal systems and no exchange control. More information about the requirements, procedures and our fees for company formation can be found by clicking the navigation menu at the top.
We are a firm of Hong Kong Certified Public Accountants | audit firm (Firm Registration No. 0889) providing one-stop professional Hong Kong & offshore company formation services and annual maintenance, including auditing, accounting, tax consultancy, virtual office & trademark registration. Most of our clients are foreign investors from all over the World.
Our Firm is among the few which are on the lists of approved professional intermediaries of HSBC, Hang Seng Bank and Standard Chartered Bank. Our Profile includes some letters from these banks to approve us to be on their lists. There is no need to come to HK for opening HK bank accounts in some cases, and the bank accounts can be operated by internet banking service at overseas.
The Tax Rate in HK is low. Further many HK companies owned by our foreign clients who do not have operations in HK and use our office as their registered office address, so their profits are considered to be offshore income and not subject to HK taxes. You may also view the Conditions for Claiming Offshore Income or Details of HK Profits Taxes. It is also common for a foreign-owned company in China to have a HK holding company because there is no foreign exchange control and it is easier to have letter of credit facilities.
We provide service for offshore company registration in Anguilla, British Virgin Islands (BVI) and other offshore countries, which are not required to pay any tax in these countries or Hong Kong if they are owned by foreign investors and do not have any operations in these countries and HK. Shareholders can be anonymous. An offshore company is not required to have business registration for opening bank accounts in HK.
Why HK ?
- HK, being an International Finance Centre, has a lot of branches of major international banks which are trustworthy and have a lot of branches all over the world. We always assist our clients to open bank accounts with a major international bank in HK.
- HK has a well-established legal system which is based on the English legal system.
- HK has a lot of genuine trading activities. Therefore an offshore company with a HK correspondence address will have an advantage over those without a HK correspondence address.
- HK has no exchange control. Money can be deposited, withdrawn or transferred out of a HK bank account freely without paying any taxes, including withholding taxes.
All banks in HK are under the HK law not to disclose any customer's information to any one without the customer's prior consent, except if the customer is suspected for money laundry or criminal offence, or the HK Inland Revenue Department suspects that he/she has evaded HK taxes (not taxes in other countries). Further the HK Inland Revenue Department is not allowed by the HK law to disclose any information to any one, including local or overseas governments.
We dedicate to provide high quality service with fast reply to enquiries within One Working Day. Our Free Initial Consultation at which our clients' requirements/problems will be discussed provides an opportunity for new clients to try and prove our service quality. Click here for Free Initial Consultation.