International tax planning

You pay too many taxes and want a solution to reduce the burden of tax on your income tax or your company.

International tax planning:

The benefits of offshore company formation in Hong Kong

• The economy of Hong Kong is extremely liberal and open market with little government intervention. In fact, Hong Kong is one of the places in the world with a market economy very free and the government will not interfere in the affairs of your company.

• Hong Kong does not impose exchange controls, does not restrict the entry and repatriation of capital. All currencies can circulate freely. . Money can be deposited, withdrawn or transferred from a bank account in Hong Kong as often and freely as you like without having to produce any evidence or pay tax.
  Concrete example: Your company has multicurrency Hong Kong bank account in Hong Kong  and you will receive money from your customers in euros on the account. If you have to pay suppliers in euros, you can do easily (and it is even recommended) to pay them using the euro you have in your multicurrency account. Thus, the money will be returned to Hong Kong in euro and will be emerged in the same currency. All happening very easily through your Internet interface of your bank in Hong Kong, the management of your bank account is done most of the time through this means. The cash withdrawal is done with an international card withdrawal and this, in any distributors in the world.

• Offshore activities are 100% tax free. The Hong Kong tax law is clear: only the local companies are subject to tax on profits and pay taxes because they make profit in Hong Kong: Only income and profits derived directly from Hong Kong are taxed . If you create an offshore company in Hong Kong but you do not sell on the spot you will not even have to fill out tax returns.

• If however you are trading with Hong Kong, the tax rate is only 16.5% of net profits.

• There is no tax like the VAT, business tax .. Forget URSAFF!

• The constitution of society and its legal framework is very simple: One of the advantages of establishing an offshore company in Hong Kong is the flexibility and simplicity to the legal authorities. A stranger may be designated as the principal shareholder and director of the company's shareholder and director can be the same person -. There is no obligation to the shareholder or manager to reside there. Only the secretary is required to reside in Hong Kong. The providers who will create your company, are responsible of providing a secretary and an address in Hong Kong.

In brief :

• Only one shareholder and one director are required for registration
• The shareholder and director can be the same person
• No Obligation to the shareholder or director to be resident in Hong Kong
• The shareholder and director may be individuals or legal structures
• The company director can not act as secretary of the company, there is no minimum capital to establish an offshore company in Hong Kong
• The secretary must be domiciled in Hong Kong but it will be supplied by your service provider responsible for the creation of your company such as us. In practice this means that only one individual is necessary to the creation of a limited company in Hong Kong.

• No capital is required for the formation of the company: the shareholder is only required to sign the M & A and declare that he will contribute to the capital of the company without paying money.

• As long as your company is created, it is very easy to open a business bank account in Hong Kong. We do it regularly for our clients. The documents to be produce are proof of address (electricity bill for example), copy of passport, company documents and a general description of your business. You then get a multicurrency bank account including internet services to manage your account remotely and a cash card distributors operating throughout the world. We provide our customers with such account at HSBC (the second largest bank in the world) but other banks are also possible.
  The advantage of this type of account combines a management facility via the Internet or you can perform any transaction banking: remittance, bank transfer between accounts, payment, SWIFT transfers and ATM card at your disposal that you can use in your country (only for cash withdrawal, not for payments in shops) is flexible and a perfect anonymity ... You can also open a bank account in another country by producing the documents of your company, but they must be apostillised (authenticated and affixed the seal of the court of Hong Kong). Your service department for your incorporation may well be responsible to take this step but it is relatively expensive. For us it will cost about 300 Euros.

• Creating your company in ten days.

• Possible anonymity of shareholders and directors. If you want anonymity, you can ask your induction to appoint a "Prête nom". He will be appointed director and shareholder at your place. Obviously he does not manage your company and you keep the same rights and benefits. We call this person a nominee.

• The legal form of companies in Hong Kong is Private Limited Company. The shareholders' responsability is limited.

• Banking secrecy is respected in Hong Kong.

• Hong Kong being a considerable prestigious financial,as we have already seen, as a tax haven, own a business in Hong Kong makes you very credible.

We have other solutions,that we can offer to you,so as to reduce the tax burden on your business.