Hong Kong

Hong Kong

A Guide to the use of Hong Kong companies

Hong Kong is a world-class financial, trading and business centre.  It is Asia's world city and the gateway to China.  Hong Kong is the ideal location for an Asian headquarters.  Hong Kong's excellent reputation and supervision make it the best alternative for corporate structuring because Hong Kong does not have an 'offshore' or 'tax-paradise image'; it is universally deemed a clean jurisdiction.

 

Hong Kong became a Special Administrative Region (SAR) of the People's Republic of China on July 1, 1997, after a century and a half of British administration.  Under Hong Kong's constitutional document, the Basic Law, the existing economic, legal and social system will be maintained for 50 years.  The SAR enjoys a high degree of autonomy except in defence and foreign affairs.

Presently, Hong Kong has anti double tax treaties with Austria, Belgium, Brunei, Czech Republic, Finland, France, Germany, Hungary, Indonesia, Ireland, Japan, Liechtenstein, Luxembourg, Malta, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sri Lanka, Switzerland, Ukraine, United States, and Vietnam. 

 

It also maintains the Closer Economic Partnership Arrangement (CEPA) with China which warrants the SAR with favorable custom and import fees, and preference of use by Chinese authorities and banks.

There is no minimum authorized capital; however the company often stipulates at HK$10,000.

Government & Political Stability

Excellent Hong Kong has a long history of peace and stability.  Under the principle of 'One Country, Two Systems' the socialist system and policies shall not be practiced in the HKSAR.

Location

China Hong Kong is located at the southeastern tip of China.  It is ideally positioned at the centre of rapidly developing East Asia.

Type of Law

  The Basic Law is based on the Common Law, supplemented by local legislation.

Language

Chinese & English Chinese & English are the official languages.

Level of Confidentiality

High Beneficial ownership is kept confidential.

Type of Company

Limited / Unlimited Limited by shares / guarantee.  Also available:  unlimited companies.

Tax on Offshore Profits

No Local profits tax: 17.5%.

Local Registered Office & Agent

Yes  

Minimum Director

1  

Local Director Required

No  

Corporate Directors Allowed

Yes  

Minimum number of Shareholders

1  

Corporate Shareholders Permitted

Yes  

Company Secretary Required

Yes Aspen Global Incorporations Ltd.provides local company secretary services as required under HK law.

Government Register of Directors

Yes Mandatory, even if the company has no activity.

Government Register of Shareholders

Yes  

Bearer Shares

No  

Annual Return Filing

Yes  

Audited Accounts

Yes Audit must be made by HK accounting firm.

Shelf Companies Available

Yes Custom made companies are also available.  Incorporation time is approx. 15 days from the time all the correct information of directors & shareholders is received.

Bank accounts, Visa debit cards, on-line banking and other banking services

Yes Hong Kong companies are very well received worldwide.

 

 

 

 

 

 

Aspen Global Incorporations Limited assists in offshore company formation & international business structures; virtual offices, company management, and secretarial services.  Formation and administration of trusts & foundations.  We can assist in the development of efficient international tax planning.  We make banking  referrals; provide accounting & audit services, and more in Hong Kong.

 

 

 

 

 

 

 

Schedule of fees available upon request. 


Contact us today for Hong Kong companies and trusts.  We are located at Suite 2302-3 Pacific Plaza, 410 Des Voeux Road West, Hong Kong.  


Tel: (852) 3175 8758


Fax: (852) 3175 8456 


E-mail: enquiries@aspenoffshore.com


Website: www.aspenoffshore.com