Economic Overview & Business Opportunities
With Hong Kong’s tax rate being one of the world’s lowest and with its geographical advantages, Hong Kong is a gateway to China. It is a Special Administrative Region (SAR) of China and enjoys a high autonomy in the running of its affairs under the one country, two systems concept. There is no exchange control in Hong Kong and investors are free to transfer funds in and out of Hong Kong as often as they choose to. The HK dollar is pegged to the US dollar at 7.8.
Hong Kong’s corporate law is strongly based on the British common law and it is the Government’s policy to maintain a simple and low tax system. Only profits derived in Hong Kong are assessable for taxation and genuine offshore transactions are not subject to Hong Kong tax. It is also quite straight forward to set up a company in Hong Kong as the minimum paid-up capital is HK$1 only and non-resident director and shareholder is allowed.
Current tax rates are:
Offshore income: 0%
Capital gains tax: 0%
VAT or GST: 0%
Onshore income: 16.5%
Individual tax rate: 15%
1. Confidentiality: we have an established beautifully renovated physical office in Hong Kong for many years. As there will be a lot of sensitive and personal information provided to us, all client information is properly stored in our locked cabinets.
2. Location: we are conveniently located in Wanchai, Hong Kong Island opposite to the Inland Revenue Tower and Immigration Tower.
3. Professional team: we are a team of qualified CPA, chartered Company Secretary, International Tax Specialist and visa & immigration experts with strong local and overseas experiences.
4. Tailor-made services: all of our staff can speak fluent English and provide tailor-made one-stop shop services according to your requirements.
ADAM Hong Kong partner has been awarded with the status of “Diamond Business Advisor Award” by HSBC in Hong Kong.
“Our Hong Kong office does not offer any financial advisory services, corporate finance or asset management services or any other regulated activities that require to be licensed with the Securities and Futures Commission or Monetary Authority in Hong Kong.”