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Hong Kong
Jurisdictions

Location

Southeast Asia

Area
1 092 sq. km.
Population
7 303 334
Language

Chinese, English

Currency
Hong Kong Dollar (USD1=HKD7.8)
Legal system

based on English Common Law

Type of company

Private companies limited by shares

Minimum authorised share capital

not fixed, standard HKD 10,000

Paid capital
not fixed, standard HKD 2
Minimum number of shareholders
two, individual or corporate, resident or not
Minimum number of directors
two, individual or corporate, resident or not
Nominee services
available (upon additional agreement with the lawyer)
Bearer shares

not available

Public disclosure of shareholders
yes, details filed with the public register
Public disclosure of directors

yes, details filed with the public register

Nominee services

available

Public disclosure of beneficial owners
no, if nominee services are used
Taxation

Corporation tax of 17,5% is levied on income derived within the territory of Hong Kong

Submit annual return and accounts
yes
Annual audit

required

Shelf companies
not available
Time to supply documents
2-3 weeks
Need to travel
no
Additional information

Hague Convention 1961 applies; no tax treaties, but many countries provide tax credit against taxes paid in Hong Kong

 

Jurisdictions

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FAQ
What is offshore?

The word "offshore" has no precise legal dictionary definition, it simply means "situated or operating in a foreign country or at some distance from the shore" and reflects the fact that most low tax jurisdictions are islands.

read more >>

Portfolio of Laws
- BVI - Trustee (Amendment) Act, 2003

- Cayman Islands - The Companies Law (CAP.22) - (2002 Revision)

- Cyprus - The Income Tax Law of 2002

more laws >>

Comparison Table >>
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G.S.L. Law & Consulting