Hong Kong
 

General Information

    Advantages:

  • No CGT 

  • No VAT 

  • No Customs duties 

  • No Capital duty 

  • No CFC (controlled foreign company) legislation 

  • HK resident companies are not taxed on the worldwide income 

  • 40 DTT 

  • Non-public registers (UBO are not disclosed) 

    Disadvantages:

 

  • Accounting and returns 

  • Transfer pricing regime and documentation 

  • ‘Hybrid’ offshore jurisdiction 

Hong-Kong is a special administrative region of China that enjoys wide powers in the sphere of legislation, justice, and general internal policy. Such autonomy was granted to Hong-Kong as a result of the Sino-British Joint Declaration, which proclaims the almost-independent status of Hong-Kong till 2049th year. 

 

Being a business-oriented state, there are two official languages in Hong-Kong: English (well-known among citizens) and Chinese. Hong-Kong is a highly developed country with a strong governmental policy of ‘non-interference to private (including business) matters’. 

 

Hong-Kong may boast of its high Human Development Index (according to the latest Report – 7th place in the world) as well as of attractiveness for both foreign and national investors. In the last World Bank survey ‘Doing Business 2019’ Hong Kong is titled as a very easy-to-run-business region and for its low tax regime and clear, non-demanding corporate legislation it has obtained the 4th place in the global rating. 

 

Having been a British colony for approximately 156 years, Hong-Kong has partly inherited a common law system mixed with local legislation codified in the Laws of Hong-Kong. 

 

Hong-Kong is an active participant in international community activities, as it is a member of APEC (Asia Pacific Economic Cooperation) and WTO. 

Legal Information

Tax Information

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