Tax Efficiency Structure in Asia
Hong Kong’s tax system is favorable to businesses of all sizes especially international trading and servicing business. The city utilizes a territorial system of taxation where only income which is derived from or earned in Hong Kong is subjectable to taxation. Apart from a competitive Profits Tax rate of 16.5%, the Hong Kong Government has introduced a two-tiered profits tax regime to assist start-ups and SME’s whereby the first HK$2 million of assessable profits for a corporation will be assessed at a rate of 8.25%.
Although Hong Kong is a fantastic place to do international trading and servicing business, it is not without its faults. Compared to the other countries mentioned in this article, Hong Kong companies must adhere to greater statutory compliance requirements. Unlike other countries on this list such as the British Virgin Islands (“BVI”) and the Cayman Islands, Hong Kong companies must comply with annual accounts filing deadlines. Luckily, there exist plenty of professional service firms who can assist in this matter to ensure compliance.
Trust (Nominee shareholder acting on behalf of beneficiary shareholder) Establish and Management.
Over the years, International Tax (HK) Co. Ltd. have earned an enviable reputation as leading professional trustees, dedicated to maintaining our clients’ prosperity.
International Tax (HK) Co. Ltd.’s trust specialists’ identity the most appropriate trust structures to protect and enhance International private or company wealth and assets. International Tax (HK) Co. Ltd. specialize in establishing private trusts, Hong Kong private trust companies and employee benefit trusts.
International Tax (HK) Co. Ltd. guide International private or company through the complexities of local laws and regulations to find the right solution for them, organize the initial establishment of a trust and administering it carefully to maximize the benefits. International Tax (HK) Co. Ltd. ensure its legal position and tax status are maintained while providing regular accounting and financial reporting.
International Tax (HK) Co. Ltd. aim to ensure robust structuring of the trust assets today and provide greater security for the future - helping to ensure that the beneficiaries, their family, or employees are well looked after for years to come.
International Tax (HK) Co. Ltd. Services include:
- Trust structuring
- Estate planning
- Hong Kong private trust formation
- Employee benefit trust/pre-IPO trust
- Escrow agent services
Please visit us for establish and manage a Asia Tax Efficiency structure for doing business in Asia.