Open an offshore account
HONG KONG
Considered the most liberal place in the world.
Details
Country Name: People’s Republic of China
Location: Pacific
Best for: Business – Tax
You will benefit from a solid and reliable business financial system.
Why open a Bank Account in Hong Kong?
The jurisdiction of Hong Kong is very stable and has a very good reputation. Indeed, Hong Kong institutions have a certain reliability and the financial system of the region is solid. This jurisdiction is therefore a favorable framework for doing business.
Because the Hong Kong legal system is based on common law, there is relative flexibility in the creation and operation of companies, so it may be worthwhile to set up an offshore company in Hong Kong.
Instant Results
The Hong Kong tax system is based on territoriality. Any Hong Kong-based company that does not have any commercial activity in the territory (no customers, suppliers or staff), will not be taxed on its profits.
Need a Bank Account?
Get an appointment with us instantly!
Analysing Our Problem
Hong Kong is not considered by the OECD to be a tax haven and this jurisdiction is included in its “white list” of cooperative jurisdictions in tax matters. Hong Kong has signed non-double taxation agreements with certain countries, but not with France.
Companies have to keep their accounts properly and update it. Foreign companies must also have a register of directors, general secretaries regularly updated.
Creating A Custom Solution
In the case of companies with a commercial activity in Hong Kong, the tax on profits from activities in the territory will be 16.5%. It is important to note that the fact that your company has a bank account on Hong Kong territory and receives client transactions is not considered in the taxation of companies in Hong Kong. There is also no consumption tax (VAT) in this jurisdiction. Finally, there is no tax on capital gains, interest or dividends, as well as on the repatriation of the latter.
The Results
Structuring your business for better financial performance.
Increase In Profits
Increase IN security
simplified reporting
Decrease in operations
Need a Bank Account?
Get an appointment with us instantly!
Having been a British colony until 1997, Hong Kong is actually different from the rest of China. The basic law, which establishes its political system, obeys the principle of “a country with two systems”. This region has therefore been able to retain its legal system based on common law, its own currency and its own political system.
The banking sector is one of the pillars of Hong Kong’s economic activity. Branches of most of the major foreign banks were opened, which enabled the country to become an international financial centre with success in offshore banking.
Hong Kong has a very liberal economy. This jurisdiction combines simplicity with efficiency and security. Indeed, it is reputed to have a flexible regulation while having a very high level of security.
Identification of your needs, consultation.
Analysis and strategy development.
Fast and smooth service delivery.
Professional support.
CALAY Guarantee
CALAY Banking™, with its more than 20 years experience in offshore banking, can help you in this process and guarantee you the opening of an account quickly.
