Hong-Kong is considered as the main financial place of the world’s most dynamic region: Southeast Asia. This major financial place is one of the most liberal worldwide and its particular status towards China guarantees its autonomy until 2047. The official business language is English and its historical English’s influence guarantee you a very business oriented legislation because based on the English model. The laws there are much more flexible and modern than in Europe which is a strong asset and motivates every year more and more foreign investors to move their business into this jurisdiction. Besides, there is a total confidentiality regarding both your offshore bank account (banking secrecy) and your offshore company.
This city-state offers a lot of benefits for people willing to make business there which make this place one of the most interesting worldwide. The main benefits are the following:
At FCBA Offshore Ltd, we do recommend our clients willing to either open an offshore bank account or to incorporate an offshore company in Hong-Kong to consider this jurisdiction as very interesting. You will be able to benefit from all the above mentioned benefits and your local business relation will be discussed in English language. Also, as the accounting standards in Honk-Kong are quite high, you will need to maintain a business relationship with a local firm which will ensure that your offshore company is respecting all local requirements and will make sure as well that all financial or tax reports are duly delivered to the local administration on time. Finally, we do more recommend this jurisdiction to our clients based in Asia because the six hours time difference between Hong-Kong and Europe could be a problem to maintain an efficient daily communication with your local contacts.