5 Reasons to Form an Offshore Company in Hong Kong

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In the previous video, we covered the topic of why you wouldn't want to form a company in Hong Kong. Today we are doing exactly the opposite. We are giving you 5 reasons to form an Offshore Company in this jurisdiction.

Today we are talking about the pros of Hong Kong.

First of all, it's easy, cheap, and quick. In many places they require lots of legal documents, they require the power of attorney, etc. All of this makes the process more complicated and it drags on. Luckily, this is not the case in Hong Kong.

The second reason why you'd want to form a company here is that the payment infrastructure which is very good. You have access to PayPal and Stripe. Even though there are problems with the exchange rates and the currency (as we talked about in our previous video) you can sometimes negotiate with them to get better rates and settlements in the currency of your choice. Banks also offer multi-currency accounts.

The third thing has to do with PR. The international reputation of Hong Kong tends to be very good. Hong Kong is seen as a genuinely international business center. This is one of the most reputable offshore destinations, unlike BVI or Cayman Islands that got terrible reputations over the years.

The fourth thing has to do with taxes. If set up properly you can get zero tax on your foreign income.

The last advantage of Hong Kong has to do with audited financial statements. Even though it's a hassle and we mentioned this is our previous video as something that is a drawback of Hong Kong, it is actually something that can work well in your favor. Banks will like it, investors will like it, it's reputable and not too hard to do since they are not as excessive as they would be in the US for example.

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Видео 5 Reasons to Form an Offshore Company in Hong Kong канала Offshore Citizen