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
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Fee
Schedule
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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Company Formation, Incorporate in Hong Kong
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