Maksym Stepanenko
Managing Partner, Crystal Tax
International client projects since 2012: company structures, tax, immigration, DUNS and NCAGE. 50+ jurisdictions.

Official language: Chinese, English
Organizational and legal forms of companies:
Largest city: Hong Kong
Government: Dependent territory
Legal system: Anglo-Saxon system
Currency: Hong Kong dollar
Jurisdiction Brief: Hong Kong is a major industrial and financial region located in China. Hong Kong is not an offshore jurisdiction, but due to its high credibility in the international market, this region is popular with entrepreneurs. If the company does not make a profit in China, then there is no need to pay tax.
What schemes are usually used: In Hong Kong, a company can be so flexible structure that you can easily open any business here.
Prohibited activities: Any activity for which it is necessary to additionally register licenses (banking, trust, reinsurance and insurance).
Tax system: Hong Kong is a low tax jurisdiction. If your the company is registered in Hong Kong, but will not conduct business here, then it is exempt from paying taxes. Income tax has a rate of 0% (if the company did not make a profit in Hong Kong) and 16.5% (if it made a profit in Hong Kong). Profits such as capital gains, dividends, property, interest received are not taxed. The royalty tax is 30% of the 16.5% income tax if the company has earned income in Hong Kong and used a trademark name, patent or copyright. There is also a tax on donated and inherited property: 0% (up to 256 thousand US dollars), 3.5% (above 256 thousand US dollars). Donated property of charitable organizations is not taxed.
Filing requirements: Any company registered in Hong Kong is required to keep accounting records and keep them for at least seven years. It is also necessary to submit a tax return.
Possibilities for immigration to the jurisdiction: 1. Capital Investment Entrant Scheme – it is necessary to place passive investments in Hong Kong for a period of not less than seven years and in the amount of not less than 1.283 million US dollars. 2. Entrepreneur/Work Permit – open a business in Hong Kong.
Double Tax Treaties: Hong Kong has already signed over 24 double tax treaties.
Tax Information Agreements:All information about the shareholders and the director of the company is publicly available, so most beneficiaries use the nominee service.
Our other offers:
Is it profitable to register offshore in the Seychelles?
Despite the fact that the jurisdiction is included in the "black" list in Ukraine, doing business here is quite profitable, usually the beneficiaries use the islands in schemes involving the UK.
Can I buy a company in England?
Yes, Crystal Tax clients have this option.
Maksym Stepanenko
Managing Partner, Crystal Tax
International client projects since 2012: company structures, tax, immigration, DUNS and NCAGE. 50+ jurisdictions.
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Our advantages
Corporate structuring, company registration in Ukraine and abroad, tax and reporting, migration, bank accounts, DUNS and NCAGE codes. We run the whole project, from choosing the solution to the finished documents.
Confidentiality terms are set out in our contract. We do not pass information about a client or their project to third parties, except where the law expressly requires it.
We compare jurisdictions against your business task: tax regime, reporting, substance requirements and access to banking. On the call we go through the upsides and the limits of each option.
We name the timeline for every step before the work starts — it depends on the jurisdiction, the registrar and the bank. Personal data is used only to deliver the service.
We handle the correspondence with registrars, government bodies and banks and answer their requests ourselves. From you we need documents and signatures.
We take each case to the finish: if an authority or registrar comes back with remarks, we revise the documents at no extra charge. The fee is calculated for your task before work starts.