Hong Kong Offshore Companies

The international center is the most well known in Hong Kong. It became a part of China on 1st of July 1997 and is located on the South East Coast of China. It functions within the people’s republic of China, with its own courts and legislation; and is a Special Administration Region (SAR). The official languages here are English and Chinese and all documents of incorporation are either in Chinese, English or both.

The Key Features

Hong Kong does not have any offshore legislation. All companies operate under one legislation, even if they are doing their business locally or if they are doing their business offshore. The difference between companies in Hong Kong and offshore companies like the companies in British Virgin Islands (BVI) is that these companies enjoy a tax-free status, under certain circumstances. There is no tax for a company, which does not get any income from Hong Kong and does no business in Hong Kong. Therefore, Hong Kong companies that do business in any part of the world, other than Hong Kong, has the same effect of an offshore company just like BVI IBC’s

Hong Kong offices can set up Cost Center Hong Kong offices and not pay taxes. A company or group which is outside Hong Kong can very well set up a Finance Management Center and pay no tax. However, this is only as long as they don’t receive any income and incur only expenses. In the same way, anyone can set up a document processing company in Hong Kong, without tax and set it up as a cost center. It is important to file the “No business in HK” declaration.

The Hong Kong companies have advantages because their legal system if based on the British common law. Therefore, they cannot be termed as tax haves. The political stable environment along with the finance and banking is excellent. Companies that are Hong Kong based can do business in any part of the world without its directors and share holders being residents in Hong Kong.

The government and public record contain the directors and shareholders. The privacy however can be maintained through the nominees that are given by Maritime International Ltd. The ones that appear in the public records are only the nominees. If nominees are used, then there is absolutely o need to requirement to report who the Beneficial Owner is, to the government. Another requirement is that most of the offshore companies should have a secretary who is a resident in Hong Kong, which can be provided by the Maritime International Ltd’s Hong Kong Company for no extra charges.

The Available Offshore Company Management Services

The Nominee Directors & Shareholders, Mailing Addresses, Corporate Identity Packages, Basic Account Maintenance, Employee Contract/s, Invoicing Services, Document Safekeeping services and some general corporate services are available.

Privacy

The names of the Directors and the Shareholders should be filed with the government to make them available for the public record.
However, nominee director and Shareholder use can be used to provide privacy. By this only the nominee names will appear. The beneficial owner and the power of attorney of the company need to be issued to the nominee to run the company.

Restrictions of Name

Banks, Insurances, Assurances, Re-Insurances, Trusts, Trustee, Savings, Royal, Asset management, Fund Management, Investment Funds, Building Societies, Municipals, Chartered, Chamber of Commerce, Tourist Associations, Kaifong, Mass Transits, Underground Railways.

Suffixes

There are limitations on suffixes used. Only Limited or Ltd can be used, and the world “Company” can be used as well.