Hong Kong Registration
Hong Kong registration results in an offshore company which is considered to be one of the best offshore companies available. Hong Kong offshore company registration is done according to the rules and regulations of the Hong Kong Company Ordinance which has been amended many times. Hong Kong is the perfect offshore jurisdiction when considering offshore registration since it is one of the world’s biggest financial centers. Hong Kong is known as one of the most active and successful financial centers in the Asian and Pacific regions. Hong Kong’s economy is amongst the world’s most stable economies. Other offshore services being offered in the tax haven of Hong Kong includes offshore banking.
A company incorporated in Hong Kong can do offshore business operations and still be a tax resident in Hong Kong carrying out local business operations from within the tax haven. Hong Kong registration is an easy process to complete. For Hong Kong offshore company registration a Memorandum of Association and Articles of Association must be completed and filed with the Registering authorities in the tax haven of Hong Kong. The process for Hong Kong offshore registration can take between seven (7) and fourteen (14) working days to complete. The information which must be submitted for Hong Kong offshore registration is listed below.
- The proposed name for the Hong Kong offshore company
- It must be stated if the company is limited by shares or guarantee
- Companies limited by guarantee must issue a statement declaring that the members of the Hong Kong offshore company will contribute towards any debts incurred by the offshore company in case of bankruptcy or winding up of the company
- Companies limited by shares must state the authorized share capital of the company
- The number of shares to be issued and par value of shares to be issued
- The rights, voting rights, privileges and restriction on each class of share must be stated
- The purpose for forming the company
- The by-laws of the company.
Hong registration means an offshore company which can do business in an out of the offshore tax haven of Hong Kong. Hong Kong as a tax haven only taxes offshore business corporations on incomes which have been gained from business operations within Hong Kong. Incomes which have been gained from outside of the offshore tax haven of Hong Kong are not subjected to local Hong Kong taxes. The tax rate imposed on offshore companies doing business in the jurisdiction of Hong Kong is a mere 16.5%. No capital gains tax is paid by offshore companies registered in Hong Kong. A Hong Kong registration fee and annual license renewal fee must be paid by Hong Kong offshore companies.
For Hong Kong offshore company registration a minimum of one offshore company shareholder is required by law. Hong Kong offshore companies can be registered using just one company directors. Offshore company regulations allows for corporate directors as well as individuals. Hong Kong offshore companies must appoint a company secretary upon Hong Kong registration. Company secretaries in Hong Kong can be an individual or corporation. The jurisdiction of Hong Kong provides privacy for offshore companies and company shareholders> Nominee shareholders and Drectors can be used for Hong Kong registration.
Hong Kong offshore company registration makes it possible to own an offshore company with many benefits. Hong Kong as an offshore jurisdiction is well respected and there is positive and modern legislation which backs Hong Kong offshore registration. The country has modern infrastructure, telecommunications and many professionals which makes registering a Hong Kong offshore company worthwhile. Hong Kong offshore registration is done in a timely manner.