The Open Economy system in Hong Kong is well-known to the World. The legal system of Hong Kong remains based upon that of England and Wales, Common Law. Legislation is by locally enacted Ordinance and, in practice, especially as the law applies to ordinary citizens or business people from overseas, little has changed since 1997.

Hong Kong is one of the world's reliable and efficient financial centres. The advantages of no exchange control, sound legal system and efficient transport/communication networks make Hong Kong competitive in the world and keep continuous growth of economy.

After China joined WTO, the role of Hong Kong is more important, especially in acting as the Gateway to China and the finance centre among China, Hong Kong and the World.


LOW AND SIMPLE TAX
Hong Kong Tax System is focusing on simple and easy to operate. Income taxes (salaries tax, profits tax and property tax) are charged on income which has a Hong Kong source. Estate duty is charged on the principal value of property located in Hong Kong passing on the death of the deceased. Stamp duty is charged on instruments which relate to Hong Kong assets. There is no capital gains tax and dividend income tax. The standard tax rates are comparatively low with other developed countries. Offshore businesses and operations without central management in Hong Kong may claim offshore profit and hence is not subject to Hong Kong Profits Tax (subject to final assessment).


QUALITY IFS PROVIDERS
When introducing a jurisdiction, one of the major concerns is the availability of sound professional resources. Many jurisdictions cannot offer basic services such as professional audits etc.. Knowledgeable IFS providers with FCCA staff, like us, know best when a company should keep bearer shares and when it is most appropriate to register them, or to use nominee shareholder or corporate director. Our professional staff ensures proper procedure is followed.


FAMILIARITY
Company Law (or "Ordinance") is basically using the system in the United Kingdom and hence, the Law is similiar to other developed countries and is more understandable.


NO LOCAL RESIDENTSHIP REQUIREMENTS
The minimum number of director(s) and shareholder(s) of a private Hong Kong limited company is ONE (may be the same persons) and there is no local residentship requirements. Hence any nationals may be the director(s) and/or shareholder(s) of the Hong Kong company. In addition, the Hong Kong may be operated remotely in client's home country.


GATEWAY FOR CHINA BUSINESS
Most clients / offshore clients may use a Hong Kong company for investments in China for its efficiency and widely adopted documents in China.


CHARACTERISTICS
Hong Kong private limited company is having following characteristics, which are haing advantages over other jurisdictions:-

Order your company NOW!


You tell... we tailor.