Forming an offshore company in Hong Kong - Footloose Entrepreneur Blog. As Asia’s financial center, Hong Kong is a thriving island of expats and entrepreneurs. Many Europeans, Canadians, Australians and vice versa, form a company in the micro state and do so mainly because of tax benefits. In this post, I want to tell you a bit about how you could form a company in this state and enjoy huge financial and lifestyle benefits, for setting up your company offshore. You may have already have heard of these advantages, but nothing could be more worthwhile than hearing it from an experienced entrepreneur.
Read on! Tax Benefits The number one reason individuals and companies form a company in Hong Kong is because of its huge tax benefits. Easy Set-up (Time) Who wants to fall in line and go back and forth in government offices? Easy Set-up (Money) Setting up a HK company costs you $1,000, and then maybe another $2,000 – $3,000 for the flight, hotel and bank account opening (that is if you are coming from US/Europe). It’s brilliant. It’s the home of Disneyland.