A Private Limited Company is the most commonly-used legal entity in Hong Kong that is separate and distinct from the individuals who run it.
Hong Kong located on the south-eastern of China and in the heart of rapidly developing East Asia which is a very popular place to incorporate for foreign investors and businesses because Hong Kong is near to China and has a simple tax system with no VAT, no capital gain tax and no withholding tax.
Hong Kong also offers a great business environment with no restrictions of business scope, a world-class infrastructure and an well-found internet banking system.
Set up a business in Hong Kong is fast and easy. There are no restrictions on the use of foreigners as Shareholders or Directors at a Hong Kong company. The only thing you have to accomplish is having your company name approved.
Hong Kong is well-known as one of the lowest tax regimes in the world and the tax system in Hong Kong is relatively simple.
There are three distinct and separate headings under which tax is levied: