Hong Kong Company Formation
Company Formation in Hong Kong
Hong Kong is one of the world’s reliable financial centers, which make the incorporation in Hong Kong attractive for national and international traders by efficient transportation and communication networks. One of the most important advantages of Hong Kong company incorporation is that it will not be perceived as a tax avoidance vehicle, as Hong Kong is a major trading entity in its own right. There is no capital gains tax and exchange control.
By statute Hong Kong companies should have a minimum of one director and one shareholder. One person can be both a shareholder and a director. There is no statutory requirement and expectation that the shareholders or directors be residents of Hong Kong. They can be individual corporations or persons. Hong Kong company incorporation needs a registered office in Hong Kong and a Hong Kong resident individual or Hong Kong corporation to act as the secretary.