HONG KONG COMPANY FORMATION

Although Hong Kong is not a “tax haven”, and is a major business and financial centre in its own right, it enjoys many of the advantages of a tax haven, and is a free port. Advantages to the establishment of a Hong Kong company include:

(1) Low tax rates on Hong Kong source income.
(2) Tax exemption on all non Hong Kong source income.
(3) No foreign exchange controls.
(4) Limited personal liability. Corporate directors are permitted.
(5) A sophisticated capital market and banking system.
(6) An independent legal system.
(7) International reporting and accounting requirements.
(8) Uncensored press and internet.
(9) Free information flow.
(10) Protection of intellectual property, patents and trademarks.
(11) Wide use of English, including English media, TV & radio, English language schools and English language public communications.
(12) Ideal place for regional or worldwide head-quarters.
(13) Large pool of high caliber employees and management to draw from.