Hong Kong Tax Haven

- Political and social stability

- Legal system based on English common law

- Center for international trade

- Low tax rates 17.5% on assessable income to no taxes for income earned   offshore

- No currency controls

 - Only one shareholder and director required

- Shelf companies are available

- Efficient transport and communication networks

- Freest economy in the world

Hong Kong is located in the South China Sea, and is spread across several islands as well as the mainland. The main areas are Hong Kong Island, Kowloon, and the New territories. In addition, it has the world’s most perfect natural harbour, called Victoria Harbour. The population is a staggering 6.3 million, making it one of the most densely populated areas of the world. Most of the residents are Chinese. The two official languages are English and Chinese. English tends to be used more for political and commercial purposes, while Cantonese is used everywhere else.

In 1842, under the treaty of Nanking, HK was ceded to Britain. In 1898, however, Britain agreed to lease the territory for 99 years, which is why in 1997 Hong Kong was given back to China and is now a special administrative region within the People’s Republic of China.

Hong Kong is the world’s third largest financial centre after New York and London. They have over 160 licensed banks and 128 foreign banks with representatives in the jurisdiction. Highly proficient professional services are widely available to administrate your company. The freely convertible HK$ is pegged to the US$ and there are no exchange controls.

Hong Kong Company Formation: Setting up a Hong Kong corporation is cheap and and quick. The formation procedure is simple.

For inquiries on your Hong Kong Incorporation click here :

Hong Kong Bank directory

Other links of interest:

Inland Revenue Department

Hong Kong Monetary Authority

Hong Kong Tax Haven

Tags: Hong Kong Tax Haven Hong Kong Bank low taxation