Hong Kong

Overview

Hong Kong is situated on the southern coast of the People’s Republic of China. Its strategic location in the heart of Southeast Asia. The most common type of entity is the company limited by shares, although it is also possible to have companies that are unlimited. The major advantage to these companies is that they cannot be easily identified as offshore companies since they are not incorporated by virtue of a special exempt or IBC type legislation. A Hong Kong company would avoid the application of profit tax by arranging to have its income source outside Hong Kong.

The most common type of entity is the company limited by shares, although it is also possible to have companies that are unlimited. The major advantage to these companies is that they cannot be easily identified as offshore companies since they are not incorporated by virtue of a special exempt or IBC type legislation. A Hong Kong company would avoid the application of profit tax by arranging to have its income source outside Hong Kong.

Hong Kong company needs one director and they can be individuals or corporate. Details of director are on public records. One shareholder is required and they may be either individual or corporate. A company secretary must be appointed. An individual secretary must be a resident of Hong Kong. A corporate secretary must have its registered office or a place of business in Hong Kong. Details of the company secretary are made available to the public.

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