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About Billy Shek (CPA) > CPA Services > Formation of Hong Kong and offshore companies

Formation of Hong Kong and offshore companies

Formation in Hong Kong

Over the decade, Hong Kong has maintained its status as in international finance centre and a leading business and trading hub within Asia. I t has historically ranked high in surveys on international competitiveness because of the success of tax system and global trade environment. The host business environment is designed to help businessman and the establishment of a company; its operations, legal requirements and taxation matters are easy to set up. It may take about 4 working days to form a company however, one can use shelf companies that are readily available for immediate use as another viable selection.

Our secretarial company, ABS Limited, provides an all-inclusive formation services to our clients, both on Hong Kong company and Offshore company. Starting from selection of company name to open of bank account, you can simply give out the instructions and relevant information to us so as to let your new company easily and smoothly setting up.

  • There are almost no restrictions provided that there are no existing HK companies with identical names and no well known companies with similar names. It requires at least one director and one shareholder, a resident company secretary and a HK registered office. However, none of the directors nor shareholders is required to be HK residents. We may provide the services of HK resident company secretary and registered office.
  • We may also act as the registered shareholders and directors of our clients' companies holding the companies' shares on trust of our clients. Therefore no one, except the HK Inland Revenue Department (IRD), can find out that the companies are actually owned by our clients, and the IRD have a statutory duty not to disclose any information to any one. Our clients' interest in the companies is protected by documents called "Declaration of Trust", which are duly signed by us and stamped by the IRD

 

Going Offshore

Going offshore could very well be a viable financial strategy for many entrepreneurs. There are many advantages going offshore including personal privacy, asset protection, tax reduction, security and stability, unrestricted flow of capital, transfer of assets, and more. If you are looking to invest in property, set up a business or just save some money tax-free, protecting your assets, going offshore is the best choice.

Our secretarial company, Fintax Corporate Consultants Limited, can assist you to going offshore in the following jurisdictions:

  • British Virgin Islands;
  • Cayman Islands;
  • Marshall Islands;
  • Samoa; and
  • Seychelles