Hong Kong offshore company| setup process in British Virgin Islands (BVI) - TMS & CO

How to setup a Hong Kong offshore company effectively?

Hong Kong serves as a great location for any international business to open an offshore company. It is a lucrative deal as Hong Kong serves as the gateway to the East and South Asian markets for companies. In addition to that, a Hong Kong offshore company can access very favourable investor atmosphere here.

What are offshore companies?

Offshore companies are those companies who have their legal incorporation in Hong Kong, but whose management and shareholders are not domiciled within the jurisdiction of Hong Kong. Many popular companies favour Hong Kong for their offshore marketing, as well as its favourable conditions in terms of political and economic stability.

The tax regime in Hong Kong also helps to attract a large number of offshore accounts. Additional legal representation is seldom required in case of Hong Kong offshore company formation. However, there is a clear distinction between a private LLC and an offshore company in Hong Kong.

Tips on offshore setup

If you are looking to set up an offshore company in Hong Kong, be sure to check out http://www.tmshk.com/en/services-off_shore_co_formation.html for more details. Here, let’s discuss some of the advantages and quick tips for setting up an offshore company in Hong Kong:

 Requirements:

The list of requirements to be fulfilled while setting up an offshore companyis pretty basic and minimal in nature. The company has to be eligible for the minimum share capital provisions in Hong Kong.

 Company positions:

A typical offshore company might have a varied number of company positions and titles. However, in order to successfully setup any offshore business in Hong Kong, it must have at least 1 Director and 1 shareholder. This basic condition might change depending upon the type of company to be incorporated, but that’s why the base number is required.

 Restrictions:

There are no apparent restrictions on establishing a Hong Kong offshore company in Hong Kong. It is a very favourable place for business entities. However, there might be certain legal restrictions imposed upon the company.incorporation of company in hong kong The best way to avoid this is to hire professional help to get it sorted.

Advantages of offshore setup

Here are the following advantages that you can get with using professional help in setting up your offshore company in Hong Kong:

 No legal restrictions based on the company’s location and parent shareholders.

 Better technical support for improved privacy in their commercial department and easy turnout.

 Quick solutions to unforeseen complications with adequate legal effort and representation.

 Nominating offshore directors for better results on behalf of the company director.

Hong Kong’s own commercial laws are quite accommodating to new companies and business. So it is quite easy to get started in this process. Misconstrued legal problems do not generally happen, and Hong Kong company registry is always active for additional assistance in terms of company listings and incorporation.

These advantages offer the most effective path towards successfully setting up a Hong Kong offshore company. It is quick and it is easy – hence seeking professional help is always better when it comes to theincorporation of your company.

OFF-SHORE COMPANY FORMATION

Clients can also choose to set up an offshore company, especially in tax-heaven jurisdictions. For cost-savings, the British Virgin Islands (the "BVI") is the most popular among Bermuda, Cayman Islands, Samoa and Marshall Islands etc…

Advantages of a BVI company

  • NO tax and filing requirements
  • NO accounting and auditing requirements
  • LOW incorporation and maintenance costs
  • Only one shareholder and director is required and can be the same person
  • Corporate shareholder(s) and director(s) are allowed
  • Entirely exempt from BVI income tax and stamp duties if no business is conducted in the BVI

Clients can either set-up an offshore company in their preferred name or acquire a shelf company. Upon receipt of all the necessary information, a new company will be ready in 6 working days. To take-over a shelf company, the registration process can be completed within 1 day.

Requirements for setting up a BVI company

  • Minimum 1 shareholder and 1 director;
  • Minimum US$ 1 issued and allotted share capital;
  • Registered address in the offshore country (included in package service and in annual renewal fee).