Jurisdictions
We specialize in incorporating companies (ranging from the very simple to the very complex) and in jursidictions around the globe.
BASIC JURISDICTIONS INFORMATION
Official Name: Hong Kong Special Administrative Region
Population: 6.94 million
Location: China, bordering the South China Sea
Legal System: English common law
Language(s): English, Cantonese, Mandarin
Time Zones: GMT plus 8 hours
MONETARY
The currency in circulation in Hong Kong is the Hong Kong Dollar (HK$), which is pegged to the US Dollar by a currency board at the rate of HK$7.80 to US$1. Hong Kong has no foreign exchange controls.
Similar to most other jurisdictions, Hong Kong tax legislation requires various adjustments to be made to accounting profit in order to arrive at taxable profit, and these are usually reflected in a separate tax computation which accompanies the tax return.
TAX SYSTEM
Hong Kong is a consistently low-tax jurisdiction. At the end of 2005, Hong Kong had two comprehensive double taxation treaties with Belgium and Thailand, and limited treaties with Canada, Germany, Israel, Mauritius, Netherlands, New Zealand, the Russian Federation, South Korea, the UK and the US.
CROPORATE REQUIREMENTS
Usual Authorized Capital: HK$10,000
Minimum No. of Shareholders: -1-
Minimum No. of Directors: -1-
Company Secretary: YES, must be local resident
In addition to the above jurisdictions, Interglobe can arrange incorporation of companies in alternate jurisdictions of your designation through its established network of international formation specialists.
