Hong Kong offshore Company
Personally, I love Hong Kong. It’s one of the greatest cities in the world. The fabulous skylines mash up against lush green mountains. The people are some of the best of any major city in the world, with residents from all over Asia and the world.
And Hong Kong is one of the best places to base your offshore corporation.
If you’re looking for no-frills, hide your money, pretend you don’t have an offshore corporation, Hong Kong isn’t the place for you. (Of course, that shouldn’t be your goal anyway, especially if you’re American.)
The special region of China has annual reporting requirements and requires larger businesses to hire an accounting firm and file audited financial statements every year. This isn’t a set-it-and-forget-it offshore corporation like what you’d with many United States LLCs.
While all offshore companies charge annual fees, but Hong Kong has a few more requirements.
If you’re a serious entrepreneur or run an already successful business, a Hong Kong corporation could be the answer for you. Here’s are four reasons why…
1. It’s an easy and legitimate way to go global.
Personally, I don’t think you should give too much credence to the naysayers who gripe about offshore corporations. As they say, haters gonna hate. But from a banking and regulatory point of view, you may run into more issues setting up shop in some Caribbean island with a bunch of ninnies than you would in a stable, trusted jurisdiction like Hong Kong.
No matter how much money you have, our free presentation will show you how
After all, the world views Hong Kong with envy. It’s a solid financial center with real business activity. They’re not just churning out boiler-plate corporations to collect a filing fee here. Hong Kong has real professionals, real bankers, and real lawyers. Nobody who knows what they’re talking about is going to accuse you of using a Hong Kong corporation for shady purposes or to hide out. That can come in handy, for instance, if you’re trying to raise capital.
And personally, I like the idea that China is behind Hong Kong. In my mind, it’s the perfect win-win: economic freedom in the actual jurisdiction, with a government willing to stand up to the US behind it.
Banking is remarkably easy here for Hong Kong corporations. I’d prefer you plant your banking flag in jurisdiction other than where you’re incorporated, but it’s hard to do much better than Hong Kong for stable banking countries.
Opening a bank account here takes less than half an hour and there are plenty of banks that will accept even the dreaded Americans. If you didn’t have a Hong Kong corporation, you’d have a harder time as their banks are so awash in Chinese money they can happily turn away anyone that comes without a referral.
Doing business in Hong Kong isn’t likely to get you on some bankrupt country’s blacklist for being a tax scofflaw.
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