Custom Solutions for International Business Incorporation
Hong Kong
Strategic Location
Recognised as a leading financial hub, Hong Kong offers sophisticated banking services, including multi-currency accounts, that cater to international business needs. Its strategic location near mainland China and other key Asian economies ensures convenient access to vast markets, making it an ideal base for expansion.
Tax Benefits
Hong Kong boasts a favorable tax regime with a corporate tax rate capped at 16.5% over USD$250k ($2m HKD)and 8.25% below. Hong Kong benefits from exemptions from VAT, dividend, capital gains and inheritance taxes.
Hong Kong operates a territorial tax regime, meaning profits derived offshore (out of Hong Kong) are not taxed for profits in Hong Kong.
Ease of Setting Up
A Hong Kong company supports 100% foreign ownership and Directors can be located anywhere in the world. Incorporation can be done within 48 hours, but we recommend one week to give clients enough time to prepare the documents required.
In Hong Kong, companies are required to establish a registered office within the territory. A company must appoint a secretary who can either be a natural person residing in Hong Kong or a corporate body with a registered office or business location in Hong Kong.
Additionally, there must be at least one director who is a natural person, although they do not need to be a resident. It is important to note that if there is only one director, they cannot also serve as the company secretary.
Shareholders of a Hong Kong company are not required to be residents, and the director can also hold the position of sole shareholder. To enhance corporate transparency, companies must also maintain an up-to-date Significant Controllers Register, which should be readily accessible for law enforcement inspections to clarify beneficial ownership.
Offshore Company Incorporation
Selecting the most appropriate jurisdiction for international trade or investment can be a complex task, demanding careful deliberation. Many offshore jurisdictions are devoid of foreign exchange controls and have enacted corporate legislation that caters to a wide array of international business needs. It is imperative to choose a jurisdiction that aligns with specific corporate and personal requirements.
Furthermore, among the related decisions involved in setting up an offshore company, one of the most important matters is determining the legal structure for your offshore entity. This choice not only impacts your tax liability but also relates to the volume of paperwork your business must handle, your personal liability exposure, and your ability to secure funding.
The process of choosing from numerous offshore jurisdictions where to register your offshore company can require of several factors to be considered. Each offshore financial center offers its own unique advantages, benefits, and potential trade-offs.
When deciding to incorporate an offshore company, considering its company structure and engaging in tax planning, our approach starts with a comprehensive evaluation of the client’s business, residency status, and banking needs. Subsequently, we identify the ideal jurisdiction tailored to your specific requirements.
Asia
ICS can Incorporate Companies in all Asia jurisdictions, with one of the most popular being Hong Kong. As a premier provider of Hong Kong, Singapore and China company incorporation services, we are in a unique position to offer you a FULL array of services to set up company up with guidance and backoffice accounting, tax and compliance services.
BVI
The Business Company (BC) is an offshore company registered in the BVI, known for its favourable business environment, tax regime and legal framework. Formerly known as an International Business Company (IBC), the name was updated to BC in 2004 when the BVI BC Act replaced the International Business Companies Act.