Advantages of incorporation of Hong Kong companies:
- A strategic geographic location with direct access to China.
- The operation of British legal and administrative systems with the minimum of red tape.
- The transparency of the authorities and the availability of legislation adapted to dynamic contemporary business challenges.
- The Close Economic Cooperation Convention implemented by the Government to provide diverse incentives and benefits to various companies, including offshore.
- A state of the art infrastructure and ease of availability of information.
- The availability of qualified professional service providers.
- A straightforward and fast offshore company incorporation procedure with minimum costs.
- Beneficiary information is not publicly accessible.
- A high standard banking sector with maximum modern banking products and services for corporate and private clientele.
- A friendly tax regime applied on a territorial basis aimed at achieving zero taxation on offshore income and attractive tax rates.
- A simple tax system with a fixed rate of tax at 16.5% on net profit.
- A simplified financial reporting system implemented by The New Ordinance of 3rd March 2014.
- English is the language of communication in government offices, banks and the community at large.