The Ultimate Hong Kong Offshore Company Registration Guide

For many entrepreneurs, Hong Kong is one of the most preferred destinations to set up a business. It is where many opportunities lie – supportive government, banking environments that are ideal, low tax rates, and much more.
On the same token, setting up an offshore company in Hong Kong provides plenty of advantages for entrepreneurs.
This guide will help you understand what is an offshore company, its benefits, and how you can easily register an offshore company in Hong Kong.
An offshore company refers to a type of company incorporated outside of its original location or origin country with one or more headquarters in a strategic location.
In Hong Kong, offshore companies are often set up by entrepreneurs who wish to promote or run a business in other countries while gaining the most out of elements such as low taxes or the ease of setting up a business.
Before we get into the benefits of offshore companies, there are many reasons why entrepreneurs set up an offshore company in Hong Kong.
Setting up an offshore company offers many benefits for entrepreneurs on an international level. Let’s explore the benefits of setting up an offshore company in Hong Kong.
There’s a reason why Hong Kong is ranked as the ‘number one business destination in the world. The country has a great, business-friendly environment for entrepreneurs to operate within and beyond, while also having reliable tax regimes.
Whether you’re setting up an offshore company or other types of companies, Hong Kong allows for 100% foreign ownership of companies. This makes the set-up process even more appealing to entrepreneurs worldwide.
Hong Kong is well known for its flat-rate corporate tax. Based on Corporate Income Tax, the standard profit Tax Rate in Hong Kong is 16.5%.
However, what’s even better for offshore companies in Hong Kong is that some of these taxes are exempted completely. This is known as an OTC. According to the IRD, offshore companies are exempt from any sort of income earned outside of the country.
It’s surprisingly simple. As mentioned earlier, China is keen on attracting foreign companies, so the entire process is extremely streamlined.
There are really only four basic steps:
Now just collect your Certificates of Registration upon approval.
Registration typically takes no more than a week once these steps have been completed.
There are companies in Hong Kong whose sole business is guiding foreign companies through the incorporation and/or registration process, but the process is simple enough that most companies can do it on their own.
For more information, check out the Hong Kong government’s official Company Registry Website, found here.
Does this seem like a bunch of busy work you don’t want to deal with?
Register with Air Corporate and get a registered offshore company approved in under 48 hours.
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