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Hong Kong 2018 offshore company

2018-11-06

In recent years, the trend of business development in Asia has been noticed. One of the financial and banking centers is Hong Kong. This administrative region is considered promising for business in terms of taxation, minimum restrictions, location, and infrastructure.

Features of the creation of an offshore company in the region

An offshore company in Hong Kong is created mainly in areas that are not taxed, or have preferential treatment. Offshore are the best tool for many businessmen, which is used to develop business. With the help of offshore schemes, tax payment is optimized, as well as additional asset management opportunities for many entrepreneurs.

The main advantage of offshore Hong Kong registration is that the region is the financial center of Asia. He exercises full control over the sphere of legislation, finance and immigration in his own region. It houses the headquarters of many well-known global corporations.

According to some data, an open company in the region will not be completely offshore, but will have an offshore type and have all the advantages of offshore. Before you buy Hong Kong offshore and go through the registration procedure, it is recommended to take into account all the pros and cons of the procedure.

What are the advantages of registering an organization in a given jurisdiction:

• Minimal restrictions on the choice of activities;
• Minor requirements for the procedure for opening a company by the state. organs;
• The company is registered for a short period of time;
• Minor tax payments;
• Ability to create an account in any bank that works with offshore companies;
• You can open multiple accounts.

Despite the many advantages, there are negative aspects of creating an offshore company in the region. So, according to the latest data, it has become more difficult to open a bank account for offshore companies. If the activity is conducted, it will be necessary to maintain accounting, to be audited. If there is no activity, zero reporting is submitted.

Registration and account opening

To register a new company, you will need to assemble a package of documents. It includes an application for registration, the name of the organization, information about its address. It will require the provision of information about the director, secretaries, shareholders. Information is provided through a special electronic system.

The company registers relatively quickly - on average, the process takes about 2-3 days. The period for opening an account in a bank depends on the financial institution with which it is planned to work - on average, opening takes about a month.

The procedure for opening a bank account in Hong Kong may be difficult, the ability to work with institutions depends on whether all documents are prepared and submitted. It is recommended to familiarize yourself with the requirements of banks, as they may vary.

• The person is not engaged in business in Asia, has operations in countries that are far from Hong Kong;
• Activity has a high degree of risk;
• The company did not conduct business operations.

There is a possibility that the bank will refuse if it has no interest in a particular type of business. In such a situation, it will be necessary to select alternative options.