Hong Kong is puzzled and disappointed that it has been named a corporate tax haven by the European Commission. The claim that Hong Kong is a ‘non-cooperative tax jurisdiction,’ is “totally unfounded,” a Government spokesman said recently…
Hong Kong is one of the members of the Global Forum on Transparency and Exchange of Information for Tax Purposes, and underwent a two-phase peer review by the Global Forum. Both stage one and two reviews (completed in 2011 and 2013 respectively) have recognized Hong Kong’s commitment to meeting the international standard on tax transparency.
[box type=”note” style=”rounded” border=”full”]Hong Kong has signed 32 DTA’s (Double Taxation Agreements) and 7 TIEA’s (Tax Information Exchange Agreements).[/box]
Among the 28 European Union member states, Hong Kong has signed 13 double taxation agreements and two tax information exchange agreements.
Why we recommend Hong Kong
There are in excess of 1 million companies incorporated in Hong Kong. With the implementation of the Integrated Companies Registry Information System (ICRIS) on 28 February 2005, the new Companies Registry Electronic Search Services became available for checking company information. Numerous banks, stockbrokers and finance houses as well as all the major international legal and accounting firms are present in Hong Kong.
Hong Kong is also well-served by local secretarial, corporate management and trust companies, while there is an efficient, modern and dynamic banking system to assist the international business community.
How We Can Help You
We can incorporate a company with your choice of name and can also check the availability of names in advance. All companies are provided with a complete company kit that includes share certificates, 4 copies of the Articles of Association, statutory registers, common seal, company chop and a certificate of guarantee of quality.
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