Product Description

Hong Kong OFFSHORE COMPANIES
Hong Kong is, of course, well known as a major international center. It is located on the South East Coast of China and became part of China on 1 July, 1997. It is a Special Administration Region (SAR) within the People's Republic of China with its own legislature and courts. English and Chinese are the official languages and incorporation documents may be in either language or both.

OVERVIEW OF KEY FEATURES
There is no "offshore" legislation in Hong Kong. All companies are incorporated under the same legislation, whether they are doing business locally or "offshore". (HK Company Ordinance, 1997 version, as amended 2004). What makes Hong Kong companies similar to offshore companies, such as those incorporated in the British Virgin Islands (BVI) is the tax free status of such companies, under certain circumstances. If a Hong Kong company does NO business in Hong Kong and derives no income from Hong Kong sources, then it is not taxable in Hong Kong. So as long as a Hong Kong company does business anywhere else in the world, it is in effect, an offshore company, similar to BVI IBC's.


Offshore company formation
British Virgin Islands IBC's
Have the Following Features and Advantages:
Progressive legislation

The British Virgin Islands IBC legislation was introduced in 1984 but was developing and subsequently amended taking into consideration the changes required by the persons providing BVI offshore services.

Efficient Incorporation/Registration

Under normal circumstances, BVI Corporations can be incorporated/Registered within 3 working days.

Flexibility in company structure of an offshore British Virgin Islands Company.

Only one director or shareholder required for the company formation.
Shareholder(s) and director(s) may be the same person.
The shareholder(s) and director(s) can be a natural person or a corporate body.

There is no requirement of appointing local shareholder(s) and director(s) for British Virgin Island Companies.
There is no requirement of resident secretary.
Privacy for identity of principals

The BVI incorporation documents do not carry the name or identity of any shareholder of director. The names or identities of these persons do not appear in any public record.