The corporate tax rate in Hong Kong is only 16.5%, there is no VAT and no withholding tax.
Hong Kong companies are popularly used as a holding company of a Wholly Foreign Owned Enterprise (WFOE) for trading in China and also for trading and consultancy businesses. Many young international entrepreneurs will set up a Hong Kong Company and apply for an investment visa to stay in Hong Kong. There is no minimum capital investment and the personal tax rate is as low as 15 per cent.
A Hong Kong company offers a high level of confidentiality as professional third party officers can be used to protect the client name. A minimum of one natural director is required together with a company secretary.
Whilst you are required to prepare company accounts they are not available on public record. The incorporation process is simple and can usually be completed within 24 hours.
ILS is able to provide a complete package to our clients including:
For further information about our Hong Kong services please contact us.