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Offshore Company Formation Specialists

 

Hong Kong
(HK Company)

  • Good for Trading and Purchasing
  • Low/zero tax
  • Not perceived as being obviously offshore
Proform Offshore can incorporate offshore companies in Hong Kong, either formed to order with the client's choice of name or can supply from a shelf list. Full services available including nominee directors, registered office and agent and all government fees.

Location
Hong Kong is located on the south east coast of China and incorporates a number of islands and a part of the mainland. The main areas are Hong Kong Island, Kowloon and the New Territories. On 1 July 1997 all of Hong Kong reverted back to China after being leased by Great Britain and became a Special Administration Region "SAR" within the People's Republic of China (PRC). 

Government
From 1 July 1997 Hong Kong has been ruled by its own elected legislature and has maintained its court structure. The head of the government of the Hong Kong Special Administrative Region is the Chief Executive of the region. The Legislative Council is the legislature of the Region.

Types of Company
There is one type of company incorporated under the Companies Ordinance (Cap 32) which is a Private Company limited by Shares.

Taxation /Accounts

Income tax is is levied on income that has its source in Hong Kong rather than a tax based on residence. Hong Kong does not therefore impose tax on non-Hong Kong source income even when remitted to Hong Kong. Consequently, if a Hong Kong company's trading or business activities are based outside Hong Kong no taxation will be levied. Hong Kong companies with Hong Kong source income currently pay a rate of taxation on profits of 16%.

Advantages

  • Excellent communications
  • Good banking facilities
  • Income remitted to Hong Kong is not subject to tax
  • No exchange controls
  • No capital gains tax
  • One of the world's most important financial centres.
  • No disclosure necessary
  • Quick company formations
  • Hong Kong Dollar is pegged against the US Dollar

Fee Schedule

Click here to order your Hong Kong company today
Total first year's costs *
includes incorporation, registered office and agent, and government licence fee
UK£1150 US$1898
Annual costs *
includes registered office and agent, filing returns and government licence fee
UK£995 US$1642
Nominee Director and shareholder (per year)
We would appoint a nominee to act on your behalf as a director and shareholder (as required by HK company law) to ensure your anonymity. We appoint individuals not corporate nominees. This includes a non-apostilled Power of Attorney.


UK£295 US$487
Assistance with opening bank account
Proform Offshore can assist with opening accounts with a bank in Cyprus
UK£250 US$413
Power of Attorney with Apostille/Legalisation
Proform Offshore can arrange for a power of attorney to be issued, notarised and legalised/apostilled
UK£130 US$215
Courier Fees
we forward company documentation by express airmail however if speed is paramount then a courier service is available
UK£50 US$83

* Reflects increase in government fees from 1/4/2003

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