Hong Kong Offshore Company Setup Advantages

Hong Kong has remained one of the most popular destinations for offshore company setup for several decades now. Famous for being the freest economy in the world, doing business in Hong Kong is seen as unique and exciting. Many business owners from all over the globe prefer having some sort of a presence in Hong Kong with many choosing to even relocate to the city to manage their companies. Some of the advantages that foreign entrepreneurs have in setting up an offshore company in Hong Kong are as follows:

1) Territorial system of taxation: Hong Kong follows the territorial system of taxation. What this means is that if you are a company registered in Hong Kong, any foreign sourced income of that company will not be taxed. The most interesting aspect here is the fact that foreign sourced income is not taxed in Hong Kong even if it is remitted to the city. This is what sets Hong Kong apart from other countries following the territorial system of taxation such as Singapore where foreign sourced income is taxed once it is deemed to be remitted to the country.

2) Free market economy: Hong Kong is the genuine free market economy and it has worked really well for the city for many decades. There is least possible government interference in market activities and companies find it extremely comfortable to operate their business in Hong Kong.

3) Foreign shareholding and management: Companies registered in Hong Kong are allowed to have 100 per cent foreign shareholding and management. Not only can the owners be foreigners, the company directors can be foreigners as well and there is no requirement for a local resident director. Apart from that, annual shareholder meetings as well as annual director meetings can be held anywhere in the world as per the convenience of the company owners and management.

4) No minimum investment requirement: To setup an offshore company in Hong Kong, there are no minimum investment requirements. Foreign companies can choose the investment amount they wish for and also use any major currency of the world for authorized or paid up capital.

5) Excellent financial infrastructure: Hong Kong is one of the leading financial centers of the world. The city is home to the best financial institutions and the foreign exchange regulations are also liberal and pro-business. It is easy to transfer funds to Hong Kong and also withdraw funds from Hong Kong to any nation across the world.

About the Author:
Bryan Wong is a business analyst in the Asia-Pacific region and in his free time writes business articles. In this article, Bryan talks about Hong Kong offshore company and HK company registration.

Article Originally Published On: http://www.articlesnatch.com

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