a) Simplification of tax system – Hong Kong has no VAT, no dividend tax nor bank interest tax as well as capital tax.
b) TEA – Hong Kong has never signed up any tax treaty with other countries. So Hong Kong cannot share information to other countries.
c) RMB Accounts – If clients need to buy goods from Chinese suppliers who need the settlement by RMB, it is only the banks in Hong Kong can open RMB currency accounts. So client has to register Hong Kong company, and open bank accounts in Hong Kong. Basically the banks in Hong Kong will provide multi-currencies and must include HK$, US$R, EUR$, and RMB, and with internet banking facilities, so clients can do the banks process online.
d) To expand the markets in China – As Hong Kong has signed up the CEPA with China, so using Hong Kong company to enter China would become easier. Offshore clients may meet a number of barriers when register a company in China, in this case, client can register a Hong Kong company first, and in apply for the CEPA agreement, register WOFE in China so Hong Kong becomes a subsidiary of WOFE.
e) Production of business proof documents – If you use an IBC to run offshore business, you may find that there is no tax for tax filing for IBC, as it is a IBC, so it has no law to do tax filing. So it cannot produce income proofs record. There may be one day that the bank may suspend your bank accounts for some reasons and ask for proofs of your income if you cannot get proof they may forfeit your money from the bank accounts. However, if you use Hong Kong company, as Hong Kong Tax law is still required to report offshore income to Hong Kong Tax Department (to report is not meant to pay offshore tax to Hong Kong Department) even Hong Kong Tax Department will issue a notice that your offshore business is legal tax free. So through Hong Kong Tax System, you can produce a business/income/wealthy records. So your money to the bank would be really SAFE.
How to proceed Hong Kong company ?
Please go to Offshore Companies Page, and then go to the heading of How to proceed Hong Kong company ? sub-page and we will guide you how to register a Hong Kong company.
How to proceed Hong Kong bank accounts ?
Please go to Offshore Bank page and we will guide you how to open a bank accounts in Hong Kong.
How to proceed offshore company ?
Please go to Offshore Companies Page, and then to go the heading of How to proceed Offshore company ? sub-page and we will guide you how to register an offshore company.
How to proceed offshore bank accounts ?
Please go to Offshore bank page and we will guide you how to open a bank accounts outside Hong Kong.
Why choosing YOU ?
Please go to Why Choosing You page,you will have reasons why you must choose us.
What are your fees schedule ?
Please go to Fees Schedule page, you will have all the fees details.