Easy Ways to Form a Company in Hong Kong and China
Setting up shop in the city for investors is occasioned by various reasons. Other offshore locations have similar opportunities for registering a company offshore.This is indeed a tax free haven that happened to be as well enjoyed by foreigners owning companies running no business operations on the Island.
It is cheaper to start and register a company in the cities since company registration in the cities is relatively loose. This culminated in making the cities the most ideal locations for making shell companies. Starting a company if not cheaper anywhere else in the world.
As a matter of fact, it is quite dangerous dealing with shell companies in this jurisdiction.They mostly lack any physical presence in the city.In the event that a dispute emanates from any transaction, it is not possible to remedy any problem on the island in case a dispute arises.However, if you are conducting business in China, is no protection because are considered to be transacting with a Hong Kong company.
There are numerous companies that choose to open bank accounts in foreign banks.The reason for this is that banks run by the state are known to be very strict in opening company accounts. It is very safe to open a company account in the mainland state run banks.It will come in handy in the event that you will need to launch a complaint.
Opening a Hong Kong offshore company has the benefit of the presence of big international banks. There are so many branches that the banks have. These big banks enjoy the trust of many business operators.
Again, Hong Kong and China lack exchange control. After making the deposit, the banks do not charge any money in terms of withholding fee.Depositing the money is also very easy. Also, transferring and withdrawing the funds enjoys similar terms. There are no fees or charges that the banks deduct.
Again, banks in this location guard a customer’s information with unequal zest. A customers prior consent is required before disclosing the information. The law will however not hold in cases where the customers is being investigated for criminal activity.Such criminal activities include money laundering and other related crimes.
It is easy to get a Hong Kong offshore company. Your presence in the Island is not required. You will enjoy low tax rate as well as a tax haven. There is a proper legal system that your company will benefit from.Again, foreigners not running businesses in the city are also bound to enjoy the safety without fear. It is very appropriate to form a company in Hong Kong and China.