Hong Kong

Predominant features and advantages of Hong Kong Limited Liability Company:

  • Legislation - http://www.sfc.hk/web/EN/ - Securities and Futures Commission
  • Setting up a Hong Kong company is easy and straightforward, unnecessary bureaucracy or red-tape is significantly minimized. Low cost of incorporation and maintenance.
  • Hong Kong taxes are among the lowest in the world.
  • Corporate tax rate 16.5%.
  • There is no capitals gains tax, no VAT/GST, net worth tax, no estate duty.
  • No withholding tax on dividends or interest and royalty.
  • Hong Kong has Territorial taxation system. Foreign sourced income is exempt from tax in Hong Kong.
  • There are no foreign exchange controls.
  • Favorable foreign ownership policy - no restrictions on the use of foreigners as Shareholders or Directors, 100 per cent foreign ownership is permitted.
  • New companies Ordinance requires at least one individual to act as Director of a private company starting from 2013.
  • No minimum requirements for share capital.
  • Foreign dividends are not subject to Hong Kong income tax.
  • Tax credits for foreign tax paid are available in Hong Kong, subject to some conditions.
  • Hong Kong has an excellent international and local banking system and communications infrastructure.
  • Private limited company incorporation takes approximately 4-7 days.
  • Hong Kong is not a tax haven but a low tax jurisdiction, which has committed itself to the international standard on tax information and exchange.
  • Double Tax Treaties. Hong Kong has established comprehensive Double Taxation Avoidance treaties with the following countries: Australia, Austria, Belgium, Brunei, Czech Republic, Denmark, Faroe Islands, France, Germany, Hungary, Indonesia, Iceland, Ireland, Italy, Japan, Liechtenstein, Luxembourg, Macedonia, Mainland China, Malta, Netherlands, New Zealand, Norway, Portugal, Russia, Saudi Arabia, Spain, South Africa, Sweden, Thailand, UK, United Arab Emirates, Vietnam etc.

Next Step:

Please contact us if you need further advice, have any questions about our services, would like a free consultation or a fixed fee quote.

22 Billet Street
Taunton Somerset
TA1 3NG

T +44 (0) 1823 321177
E mail@paifang.co.uk