With a prestigious financial sector and a world-class corporate division, Hong Kong stands out as a well-regarded and favorable jurisdiction for most investors. It has reputed itself with impeccable infrastructure, a stable economy, a productive and professional work environment topped by an advantageous tax system and the absence of Value Added Tax (VAT) on goods and services. Furthermore, Hong Kong is also one of the world's premier and largest offshore banking jurisdictions offering multi-currency corporate accounts with up to 10 different currencies and exceptional internet banking facilities. The jurisdiction attracts strong corporate laws with a selection of wide-ranging investment prospects and is viewed as one of the world’s most distinguished non-residentbusinessmarketsintheworld.

Probably the most attractive aspect of the jurisdiction is its access to mainland China and the impeccable trade possibilities it offers. Likewise, a growing number of Chinese companies are taking advantage of Hong Kong’s access to global investors to raise funds and use Hong Kong’s status as a global financial and business center to promote greater global use of its currency, the renminbi and Chinese yuan. Unlike the rest of China, Hong Kong has a strong position as a free and open economy, most business practices are conducted in English language and its policies allow for a free enterprise with a minimum of bureaucracy and constraint. With this in mind, business models that would like to gain access to China’s infamous markets, but would like to maintain more flexibility, easier flow of funds and more lenient laws and regulations than in mainland China, can greatly benefit by incorporating a wholly foreign-owned enterprise (WFOE) in The Republic of China with a Hong Kong Special Purpose Vehicle (SPV) or holding company as its shareholder.

A Hong Kong company may be an excellent financial instrument for the right type of business however, it is worth noting however, that any legal entity that wants to take advantage of the favorable tax incentives that Hong Kong offers, especially when it comes to activities relating to banking, finance, leasing, shipping, insurance and holding, among others, must comply with the economic substance requirements set forth by the Organization for Economic Cooperation and Development (OECD). This means that a company must indicate sufficient evidence of its physical presence in Hong Kong such as fully functional offices, employees and local expenditure. Contact our corporate department for more information on the necessary steps your particular business model needs to take in order to comply with the substance and compliance requirements.

Corporate Features of a Hong Kong LLC

Contact our corporate department and we can promptly address any enquiries you have and advise you on how Hong Kong or another jurisdiction can benefit your business. We can assist you with the preparation of all the necessary paper work for company formation and can provide you with duly certified hard copies of the incorporation documents within a span of a week, without the need of your presence in Hong Kong for the incorporation process. We can also take on the full administration of your company, handle your annual submission requirements, accounting, audit and provide professional document drafting by qualified and knowledgeable lawyers. Furthermore, our banking experts will gladly assist you with setting up a fail-proof compliance portfolio for opening a bank account in Hong Kong or can suggest other excellent banking options.