Registration of an offshore company in Hong Kong powered by an account with a solid bank in Curaçao (SAI Bank) is a tandem opening the gateway to big international business for you. The offer is a truly unique option as you actually receive two services at the price of one, which will allow you to optimize costs at the initial stage of formation and invest most of the funds in your business.
Registering an offshore company in Hong Kong and opening a corporate account with SAI Bank in Curaçao will also save your time as the project will take no more than 2 weeks to complete. Thanks to the experience of our experts, there is very little probability that your documents will be turned down. Therefore, you will be able to start a business on an almost guaranteed basis, with the waiting time reduced to a minimum.
Advantages of Incorporating an Offshore Company in Hong Kong
Why choose Hong Kong rather than a tax-free jurisdiction, which is cheaper, faster and simpler? This is a very good question, and there is a grain of truth here. A company incorporated in a classic offshore rather than in Hong Kong does have its advantages, but is this an option that suits absolutely all undertakings?
If doing real business is a priority, registration of an offshore company is a very doubtful option. It should be selected only if the advantages of this approach outweigh the obvious disadvantages (and there will be quite a few to consider!). You may face certain problems with opening a bank account, the risk of blocking an account or being blacklisted by the FATF, difficulties in entering international markets, sanctions on the jurisdiction of your citizenship, or problems with the tax service.
Registration of an offshore company in Hong Kong (a classic midshore) is quite a different thing:
- Hong Kong is not formally an offshore jurisdiction, although you will find many of the features here characteristic of tax-free territories
- Registration of an offshore company in Hong Kong provides the simplest possible access to the markets of China
- Legal opportunities for tax optimization
- Hong Kong is one of the world’s leading financial centers
- The incorporation of a company in Hong Kong allows you to legally (subject to certain conditions) avoid taxes
- Conducting a real business is simplified as much as possible (if the registration of an offshore business is carried out according to all the applicable rules)
- Impeccable reputation in the business world. An offshore company in Hong Kong and somewhere in the BVI or Dominica are completely different structures, and they also have different perspectives for doing real business
- State support of business on all levels
- Well-developed infrastructure
- English legal system
- No restrictions on foreign property
- Territorial taxation system
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Check the list of required documents, and get the details of the process, terms, and costs.
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Registration of an Offshore Company in Hong Kong – Basic Requirements and Conditions
We have mentioned that company incorporation in Hong Kong is done quickly and without significant problems. This statement remains true in the current situation on one condition: the project is implemented by professionals. If you try to cope with the task on your own, you are likely to be turned down, or the term/cost of business set-up will significantly increase. Therefore, it is better to forget about amateurism when it comes to the registration of an offshore company (in general, an offshore business) in Hong Kong.
The most important aspects of the topic:
- Name of the offshore company in Hong Kong. It must be a unique name that does not infringe on someone else’s intellectual property rights. There is a restriction on the use of certain words and expressions.
- Shareholders of an offshore company in Hong Kong. Not less than 1 and not more than 50. There are no requirements for residency status or nationality. You can combine the positions of a shareholder and a director in an offshore company in Hong Kong (see below). The shareholder may be a legal entity or a natural person. General meetings can be held in any country.
- Directors, members of an offshore company in Hong Kong. The director has no restrictions on the status (legal entity/natural person). The current restrictions include the presence of at least one director – a natural person of at least 18 years of age, with no prior criminal record.
- Secretary of an offshore company in Hong Kong. The position is mandatory and open to both natural persons and legal entities. Permanent residence in Hong Kong/a registered office in Hong Kong (for legal entities) is required. The status of secretary and shareholder/director cannot be combined.
- The registered office of an offshore company in Hong Kong. Physical address only, no “mailbox” format is allowed. It can be used as a residential, commercial or industrial address.
- Taxation of an offshore company in Hong Kong. The corporate tax equals 16.5%, and there are deductions and benefits. The territorial principle of taxation is adopted in the jurisdiction, which means that only the profits obtained in Hong Kong are taxable. Individual taxes range from 2% to 17%. There is no source tax, dividend tax, capital gain tax, goods and services tax, or VAT for that matter.
- The share capital of an offshore company in Hong Kong. There are no minimum requirements. New offshore companies incorporated in Hong Kong must have 1 shareholder with 1 ordinary share. The share capital may be denominated in any currency. Free transfer of shares is permitted (stamp duty required). Bearer shares are not allowed.
- Disclosure of information by an offshore company in Hong Kong. Submission of data to the register of Hong Kong companies is mandatory (after registration). Nominee service is officially allowed. The authorities may request a Significant Controllers Register (SCR).
- Current compliance of an offshore company in Hong Kong. Keeping financial records is mandatory. If the company prepared the reports internally, they must be reviewed by a third-party accountant in Hong Kong.
- Business Registration Certificate for an offshore company in Hong Kong. The Business Registration Certificate (BRC) must be renewed at least one month before its expiration (every year or every 3 years).
Peculiarities of offshore company registration in Hong Kong for foreigners:
- Physical presence during the business registration (incorporation) is optional (provided that you open an account for an offshore company in a bank under a third-party jurisdiction, not in Hong Kong).
- It is not necessary to be physically present in the jurisdiction to actually manage a company in Hong Kong.
- Foreigners may be shareholders and sole directors of an offshore company in Hong Kong (there are no mandatory residence requirements in the jurisdiction).
Documents for an Offshore Company (Business) Registration in Hong Kong
The list that we have prepared for you concerns a more or less typical situation (i.e. business registration does not encounter any significant difficulties), but this is not always the case in the current circumstances. Problems arise quite often, especially if you are a citizen or a tax resident in a country under sanctions. Many entrepreneurs are trying to register an offshore company in Hong Kong on their own, and some successful cases do happen. However, the majority face potential difficulties and inconsistencies between the nominal list and the actual requirements.
Basic documents for offshore company registration in Hong Kong:
- Articles of Association. If the services of a third-party registrar are used, the document confirming his qualification will be required.
- Proof of address of residence abroad (for directors and non-resident shareholders)
- Documentary proof of address in Hong Kong, proof of identity (for resident directors and shareholders)
- Certified copy of the parent company’s registration documents (for corporate shareholders/directors)
- Registration form (see below)
Documents for an offshore company in Hong Kong that should be included in the registration form:
- Brief description of the business (economic activity)
- Liability of the members
- Legal address
- Number of shares received by subscribers
- Details of the shareholders, directors and secretary
- The share capital specified at the time of registration
Advantages of using the services provided by the experts of Offshore Pro Group companies to register an offshore company in Hong Kong (* – the service is subject to an additional fee):
- Assistance in the preparation of documents and registration data
- Communication with Hong Kong registration authorities
- Checking the name of the offshore company
- Obtaining a certificate of registration for an offshore business with the Tax Service
- Assistance in obtaining licenses*
- Accounting service*
- Regulatory compliance control (not only when you register an offshore company in Hong Kong but also when you conduct practical business)*
The Cost of Incorporating an Offshore Company in Hong Kong
The data presented below is up-to-date at the time of writing. It does not take into account the cases when additional services will be required to register an offshore company in Hong Kong (due to external circumstances or the client’s desire). Please clarify all questions with our experts once again prior to payment for our services.
The cost of offshore business registration in Hong Kong (USD 2,640 in total):
- Company registration (including state fees, production of seals and stamps) – USD 1,200
- Registered secretary services – USD 350 per year
- Providing a registered (legal) address – USD 350 per year
- Creation of the company’s Significant Controllers Register – USD 350
- A representative required to keep and update the Significant Controllers Register – USD 390 per year
State fees and mandatory services one year after the offshore company has been registered in Hong Kong (USD 1,625 in total):
- The state fee for the company license renewal is USD 300
- Submitting an annual report on the offshore company’s corporate structure in Hong Kong – USD 235
- Services of a company’s registered secretary – USD 350 per year
- Providing a legal (registered) address – USD 350 per year
- A representative required to keep and update the Significant Controllers Register – USD 390 per year
Opening an Account with SAI BANK (Curaçao)
We also offer a great opportunity to get a reliable and time-tested financial partner, SAI BANK, for an offshore company in Hong Kong. The institution is based in Curaçao, a self-governing state with significant autonomy (status aparte) within the Kingdom of the Netherlands, and we can help you open a corporate account here for your offshore company in Hong Kong on a remote basis.
The Netherlands Government is responsible for the foreign policy and defense of the island. Present-day Curaçao is a very attractive jurisdiction on the OECD white list. It is known for its stable political and economic systems, as well as competitive financial services in the world market. The local currency is pegged to the United States dollar. All these factors make opening an account with SAI BANK in Curaçao an extremely interesting offer – profitable, promising, and relatively affordable at the same time.
The full name of the bank is South American International Bank Curaçao N. V. The financial institution has an international license and customers from around the world, and it offers a variety of banking products.
Opening a corporate account for an offshore company in Hong Kong at SAI BANK in Curaçao will allow you to conduct business with sufficient comfort and security without fear that your account may be blocked or any financial sanctions will be imposed. We would also like to note a wide network of correspondent banks and a good reputation of SAI BANK with customers.
The possibilities of the VISA debit card issued by the SAI BANK in Curaçao:
- Round-the-clock customer service
- Competitive terms of cooperation
- Monthly account statement (electronic or paper)
- 24/7 access to corporate account information for an offshore company in Hong Kong
- Interesting insurance programs
- Increased customer protection against debit card fraud
Opening a corporate current account for an offshore company in Hong Kong is not the only service provided by SAI BANK. We will help you open a savings account in EUR or USD, which will allow you to accumulate assets and keep them outside Europe. It means that you will have great opportunities to diversify your assets!
SAI BANK in Curaçao has a wide network of partner banks around the world. Therefore, opening a corporate account here for an offshore company in Hong Kong will allow you to easily and quickly deposit funds to your account in the Caribbean and receive very attractive interest rates, which will depend on the amount of savings.
Documents required to open a corporate account for an offshore company in Hong Kong with Curaçao SAI BANK (requirements apply to all beneficiaries, signatories, directors and nominees):
- Completed, printed and signed copies of bank forms required to open a corporate account with SAI BANK in Curaçao
- A notarized copy of the foreign passport
If the notary refuses to certify a copy of the foreign passport, order an English translation from a sworn translator and stitch it with a copy of the original (a page with a photo and signature), and then certify it with the notary!
- Proof of residential address (utility bill no later than 6 months)
- Letter of recommendation from the bank or from a professional (notary, certified accountant). The letter (no older than 3 months) should be issued by a financial institution with which the person concerned had a relationship for at least 2 years, with a description of the type and status of the relationship
- Corporate documents of an offshore company in Hong Kong (you will receive them by courier service or at a personal meeting with our representative in Hong Kong)
If you are the sole beneficial owner and the only natural person authorized to sign the application form to open a corporate account with SAI BANK in Curaçao, you will only need one set of documents!
Registration of an Offshore Company in Hong Kong and Opening a Corporate Account with SAI BANK (Curaçao)
We have tried to simplify the service for the client as much as possible, so you should not have much trouble. We analyze difficult cases with experts in advance, which means that the risk of failure is significantly reduced. You can find out the progress with your case at any time and, if necessary, add some more services.
The procedure for offshore company incorporation in Hong Kong and opening a corporate account with SAI BANK in Curaçao:
- Submission of the initial request for cooperation. The easiest way to do this is by e-mail (info@qwealthreport.com), but you can also choose any alternative communication channel.
- Discussion of your case. You describe the result you want to get, the desired package of additional services, and the peculiarities of your case that we should be aware of. We will offer some options to help you achieve the desired goals and discuss possible problems and methods for solving them.
- Payment. As soon as we make sure that your project is implementable and you are satisfied with our terms of cooperation, we will bill you for the offshore company registration in Hong Kong and the opening of a corporate account for it with SAI BANK in Curaçao (from 7090 USD, see payment options).
Services that are included in the price:
- All government fees
- Execution of documents and production of seals
- Secretary’s assistance
- Registration of an office address for a new offshore company in Hong Kong
- Preparation of a set of documents to open an account with SAI BANK in Curaçao, their certification by a notary
- Sending a package of documents certified by a notary public from Hong Kong to SAI BANK
The documents you will receive after incorporation of an offshore company in Hong Kong and opening a corporate account for it with SAI BANK in Curaçao:
- Certificate of Incorporation
- Memorandum & Articles of Association
- Business Registration Certificate
- Certificate of Shares
- Registered Office Agreement
- Register of Directors
- Register of Members
- Resolutions on the appointment of the first director, secretary, distribution of shares, approval of the main seal of the offshore company in Hong Kong and its registered address (Minutes of the First Director Meeting)
- A set of seals consisting of the main seal, a plastic seal, a small round plastic seal and the authorized signature
- A registration form with a confirmation mark that contains information about your new offshore company in Hong Kong (Form NC1)
At the end of the procedure, you will become the legal owner of an offshore company in Hong Kong and a corporate account for it with SAI BANK in Curaçao. This will allow you to start a real international business with a focus on efficiency and productivity. To initiate the process of company registration and opening a bank account, email us at info@qwealthreport.com
Open a Corporate Investment Account in Hong Kong
What purposes can Hong Kong companies be used for?
A company in Hong Kong can be used for a variety of purposes: you can engage in IT business, supply of goods to/from China or provision of logistics services, to name just a few.
How to make sure your documents submitted to open an account with a foreign bank will not be turned down?
An experienced consultant will help you avoid the rejection of documents. We have been cooperating with various banks around the world for many years, so our experts know all the ropes. We will find a suitable bank and make sure you are prepared to open an account. In most cases, we can determine the chances of successfully opening an account with a particular bank after studying the company’s documents.
