Forming a Company in Hong Kong and China
Setting up shop in the city for investors is occasioned by various reasons. The opportunities provided by the offshore company registration are not different from other offshore location.This is indeed a tax free haven that happened to be as well enjoyed by foreigners owning companies running no business operations on the Island.
It is cheaper to start and register a company in the cities since company registration in the cities is relatively loose. This culminated in making the cities the most ideal locations for making shell companies. Starting a company if not cheaper anywhere else in the world.
In this jurisdiction, it is not always safe to deal with shell companies. They naturally do not have any physical presence in the city. There is no way to remedy the problems that may arise from the transactions that are performed. Transacting from China poses no security concerns since you are considered as transacting from Hong Kong.
There are numerous companies that choose to open bank accounts in foreign banks. The reason behind this is that state run banks tend to be overly strict in opening company accounts. Having an account in the state run banks is very safe. Launching a complaint will be easier.
Opening a Hong Kong offshore company has the benefit of the presence of big international banks. The banks have so many branches which is an added advantage. These big banks enjoy the trust of many business operators.
Again, Hong Kong and China lack exchange control. After making the deposit, the banks do not charge any money in terms of withholding fee.Depositing the money is also very easy. Similar terms are enjoyed by withdrawing and transferring the funds. There are no fees or charges that the banks deduct.
Again, banks in this location guard a customer’s information with unequal zest. A customers prior consent is required before disclosing the information. The only exception is when the customer is being investigated for criminal activity. Money laundering and other related crimes form some of such crimes.
Forming a Hong Kong offshore company is easy. Your presence in the Island is not required.The tax rate is also very low and there is the advantage of a tax haven. Your company will no doubt benefit from a proper legal system.Again, foreigners not running businesses in the city are also bound to enjoy the safety without fear.It is safe and easy to form a company in Hong Kong and China.