For over 11 years, Unitrust Capital Corp provides quality competitively-priced tax-free Hong Kong company formation services. Hong Kong companies do not pay taxes on offshore activities, i.e. on company's operations outside of Hong Kong. Read further on Hong Kong offshore companies.
TAX SYSTEM FACTS
Territorial principle of taxation: taxes are not levied on the income originated from outside of Hong Kong.
The tax rates even in respect of local income are very low compare to Western countries. The corporate tax rate is 17.5% (applicable only to the profits in the territory of HK). Salaries tax is also very low at only 16 percent imposed on all salary income of individuals derived in or from Hong Kong.
The tax laws of Hong Kong are very simple compared to other onshore jurisdictions
The government of China does not levy taxes on the region.
There are no capital gains taxes, no withholding taxes on interest and dividends, no sales taxes, no VAT, no annual net worth taxes, no accumulated earnings taxes on companies which retain earnings rather than distribute them, no collection of social security benefit. In the long term the local authorities intend to completely phase out stamp duty on the sale and issue of shares and securities and to reduce direct taxes further.
Exclusive benefits for investments in mainland China.
From our point of view, the above factors make Hong Kong companies by far the best corporate instrument in Asia.
Hong Kong companies must file audited tax returns for non-dormant companies. Unitrust Capital Corp will provide a Hong Kong based auditor to review company's accounts and make filings with relevant tax authorities. For more information about annual compliance in Hong Kong, you may read the following documents: