Creation, create an offshore company in Hong Kong

Advice and help with the creation of an offshore company in Hong Kong

Starting a honk kong offshore is a great way for entrepreneurs to seize the opportunities offered by the dynamism of the economy.

The advantages of offshore company creation in Hong Kong:

  • Businessmen
  • Ownership of intellectual property rights
  • Internet Commerce
  • For the custody of movable and immovable property
  • Consultants / Consultants
  • estates
  • Developing business in mainland China
  • Financial market / Forex brokers
  • International trade

Characteristics and steps for the creation of an offshore company in Hong Kong:
Type of society- Limited Liability Company.
Corporate legislation- The Hong Kong Register is the authority governing companies. These are regulated under the 1984 Hong Kong Companies Ordinance.
confidentiality- Hong Kong offers a high level of anonymity and confidentiality.
Published information relating to corporate officers- When registering a company in Hong Kong, the names of company officers appear on the public register. However, named directors can be used to prevent the client’s name from appearing.
Accounting requirements- The preparation of bank accounts is necessary. Accounts are not accessible to the public.
Taxation- No taxes on foreign-source profits for a company registered in Hong Kong
tax system- Modern offshore legislation
Change HKD- Accounts can be in any currency.
Financial environment- International Offshore Financial Center
Stability- The jurisdiction is stable and enjoys a very good reputation
Communication- Effective communication
Time zone- GMT +8 time zone
Secretary- Yes
Capital Requirement- No requirement to release capital for establishing a business in Hong Kong
Basis of the legal system- In accordance with the “common law”
Minimum shareholders/directors- A minimum of 1 director
Bearer shares- Bearer shares not allowed in Hong Kong company

Here are the main advantages to remember about registering an offshore company in Hong Kong:

  • No corporate or profit tax if you do not trade with other local companies
  • No VAT
  • No estate tax on shares held by non-residents
  • Only one person is needed for the constitution of the company
  • No minimum capital to form the company
  • Guaranteed anonymity of shareholders and directors
  • Bank secrecy is respected
  • Register your company in 7 days
  • Perfect transparency vis-à-vis your customers and suppliers
  • The best fame and image in the midst of offshore and international companies

Finally, an important point: you do not have to live in Hong Kong to start a business or to do business there.

Signed tax treaties that will help determine whether the creation of an offshore company in Hong Kong is an optimal choice for you:
Hong Kong has signed the following tax treaties :

Double taxation treaties are in effect between Hong Kong and the following countries:

Austria, Belgium, Brunei, China, Hungary, Ireland, Japan, Liechtenstein, Luxembourg, United Kingdom, Thailand, Vietnam

Double Taxation Agreements between Hong Kong and the following countries have been signed but are pending ratification:

France, Czech Republic, Indonesia, Kuwait, Mainland China, Netherlands, New Zealand, Portugal, Spain, Switzerland.

Hong Kong has also signed double taxation agreements on aviation and shipping with a number of countries. (although some of these agreements have been replaced by full agreements).

Countries with which Hong Kong has signed these limited double taxation agreements:

Bangladesh, Belgium, Canada, Croatia, South Korea, Denmark, Ethiopia, Finland, Germany, Iceland, Israel, Jordan, Kenya, Kuwait, China, Mauritius, Mexico, Netherlands, New Zealand, Norway, Russia, Singapore, Sri Lanka, Sweden, Switzerland, United Kingdom, United States.

Particularities of the treaty with Belgium
In accordance with the Convention signed between Belgium and Hong Kong, the maximum rate of withholding tax is:


  • 0% if the percentage of shares held is 25% minimum for an uninterrupted period of at least 12 months.
  • 5% if the percentage of units held is at least 10% (no limit on the holding period of the units).
  • 15% in other cases.

Interest: 0% on:

  • Interest on trade receivables resulting from the forward payment of goods, products or services provided by an enterprise.
  • Interest on receivables or loans of any kind (not represented by bearer securities) paid to bank companies.
  • The interest of deposits of money made by a company with a banking company.
  • Interest on certain loans related to the governments of Hong Kong or Belgium.
  • 10% in other cases
  • Royalties: 5% in all cases.

How to Form an Offshore Company?

Checklist in 6 points

An offshore company is incorporated outside the country of your business operations or nation of residence. With globalization, offshore companies are becoming increasingly common. Incorporating a company overseas offers many advantages such as potential tax savings, lower operating costs, greater asset protection, and privacy. Popular Bermuda, British Virgin Islands, Panama, Cyprus, Dubai, Hong Kong, and Singapore, among others.

  1. Research local laws to determine which country may be ideal for starting your offshore company. Consider factors such as business regulations, tax laws, local infrastructure, incorporation, and administrative costs, and political and economic stability to ascertain the location that would fit best for your business.
  2. What type of offshore company do you want to start?Choosing the kind of company would also depend on where you are incorporating. Most Popular Offshore Company Limited Liability Company, Limited Liability Partnership, and International Business Company. Each type of company has different features and benefits, so it works best for your future needs. You can start the company from scratch or buy an existing or shelf company that is already incorporated.
  3. Hire a consulting company that specializes in setting up offshore corporations. Considering the complexities involved, it’s best to hire an expert who can help you navigate local laws, complete registration formalities and manage your assets. Choose a consultant based on their experience, specialization, and fees they charge for their services. For more privacy or security, choose a firm outside your country, you will be sure that your documents cant come in the hands of the taxman.
  4. Elect a company director and set up a registered office for your offshore company. Some jurisdictions require offshore companies to be registered with the company and have registered. The company director can serve as a registered agent and manage administrative and business operations on your behalf. This will help you maintain your financial confidentiality as the owner of the corporation. Make sure that this director can complete a KYC, meaning that he has all the necessary documents to identify himself.
  5. Draft Memorandum of Association for your company. Some jurisdictions require a Memorandum to be filed with the registration application, other jurisdictions require by laws. A Memorandum defines your company’s constitution and objectives. It also states such details as your registered office address, name of shareholders, amount of authorized share capital and so on. Pay the registration fees, file other documents as per the local legislation and obtain a certificate of incorporation.
  6. Account for earnings to comply with reporting requirements. If your place of incorporation requires you to report earnings, you will need to maintain your accounts. Depending on the size of your corporation, you can either handle it or hire an accountant who can record your earnings and file taxes on your behalf.
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