How do I register an offshore company in Hong Kong?
A simple offshore company may be registered in one business day online by the registered agent with the Hong Kong Company Registrar. More complex offshore companies requires the Incorporation Form (NNC1 Form) and the Articles of Association which the shareholder and director signs.
Can a foreigner start a company in Hong Kong?
As a foreigner, you can own 100% of your business in Hong Kong, and you may be the sole director and shareholder. Hong Kong is also a great gateway for establishing your business in China or other Asian nations.
How do I register an offshore company?
4. How to set up an offshore company: Incorporation Procedure
- 4.1. Select a company name. There are certain naming requirements for your company name to get approval from the competent authority which is commonly known as the Company Registry.
- 4.2. Fulfill KYC requirements.
- 4.3. Deliver documents to the Company Registry.
Is Hong Kong offshore?
Hong Kong is not an offshore jurisdiction and currently is not included in blacklists of jurisdictions with low or zero taxation of the majority of countries (including Russia since 2017).
How much does it cost to open a company in HK?
Fees
| Different Hong Kong entity types | Registration cost | Annual maintenance fees |
|---|---|---|
| PLC company | US$8,600 | US$4,900 |
| LLC with employment visa | US$15,205 | US$5,000 |
| Hong Kong company with China corporate bank account | US$11,655 | US$5,000 |
| Foreign trust | US$16,000 | US$11,600 |
How much does it cost to set up a Hong Kong company?
Hong Kong is, along with Singapore, the most liberal economy in the world. Therefore, opening a limited company is simple, fast, and cheap (the government requires a fee of 1,730 HKD for the Company Registration and a fee of 250 HKD for the Business Registration Certificate).
Can you buy offshore company?
You can buy an offshore company to lessen your tax burden or to gain access to international markets. However, it also can be a powerful instrument of asset protection for your successors.
How do I open an offshore account?
In order to open an account with an offshore bank, you will need to provide proof of your identity and other documents to prove your identity. Banks may also require information on the source of your deposits. You can access your account using a debit card or by making wire transfers.
Is offshore company Illegal?
Is it illegal to set up an offshore company? Under the law, setting up an offshore company is not an offence or crime if the company is not involved in any illegal activity. However, those who have not declared these companies in their returns as assets can face legal action.
How do I start an offshore business?
Open an Offshore Company in 3 Steps
- Offshore company selection – Choose your offshore company jurisdiction, type of company, and company name.
- Offshore company Setup – Submit fee, business plan and all personal documentation and KYC forms.