![]() It is also common for a foreign-owned company in China to have a HK holding company because there is no foreign exchange control and it is easier to have letter of credit facilities. You may also view the Conditions for Claiming Offshore Income or Details of HK Profits Taxes. ![]() Further income of many HK companies owned by our foreign clients who do not have operations in HK and use our office as their registered office address are considered to be offshore income and are not subject to HK taxes. There is no need to come to HK for opening HK bank accounts in some cases, and the bank accounts can be operated by internet banking service at overseas. Our Profile includes some letters from these banks to approve us to be on their lists. Our Firm is among the few which are on the lists of approved professional intermediaries of HSBC, Hang Seng Bank and Standard Chartered Bank. More information about the requirements, procedures and our fees for company formation can be found by clicking the navigation menu at the top. HK, being an International Finance Centre & a Tax Heaven, has the benefits of well-established legal systems and no exchange control. There is no need to come to HK for company incorporation. Company Formationįormation procedures for HK & offshore companies are simple. As part of our commitment to top quality service, we reply to enquiries within 1 working day, and offer a free initial consultation. ![]() Our web has a full breakdown of the costs, and the necessary procedures.
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