Hong Kong Offshore Company: Pros and Cons
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- čas přidán 19. 08. 2019
- www.nomadcapitalist.com/offsh...
Should you incorporate in Hong Kong?
As with anything involving offshore companies, the answer is: it depends. Depends on the type of business you earn, where your customers and employees are located, how your customers pay you, and your tolerance for things like audit.
Hong Kong is a well-respected jurisdiction that is part offshore, part onshore. Understanding the pros and cons is an important first step before hiring the "cheap" online provider.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
Thank you for this video. Looking for more such!
This video is very helpful thank you very much
Love Andrew do a separate video for forex / stock trading offshore company
Hong Kong is legally a part of China it is not separate from China it is allowed to be a certain economic zone with certain local privileges which are being challenged by both the Chinese government and now millions of people protesting against such control. I know you do not like to talk about politics but right now I think it would be insane to form a company or to do any business inside of Hong Kong until the outcome of all this protest and turmoil is finally determined and established. When the British left they cut a deal with China to allow Hong Kong to have some special privileges but frankly the Chinese government has declared sometime ago that that agreement is Nolan void in the British have no way of enforcing it anyway.
My assessment is that Hong Kong will be totally absorbed into the Chinese legal system over the next couple of years in Hong Kong’s legal system and the commercial set up will be somewhere to Shanghai and other major trading in industrial areas in China that is the goal of the Chinese government.
The Hong Kong you describe is actually not what it once was because it has become a very small part of the port areas in training areas of other cities in China I think the statistic is that they now make up only 8 to 12% of all exports from China too much confusion too much turmoil right now
Robert Kreamer spot on and its not looking favorable for HK and its citizens
You are not 10 million dollar comapny, don't worry about that. 😂 But I am happy you are aware about the situation.
Learnt a lot. Thanks Andrew. What would u suggest for fx trading company?
What sort of study path would you suggest for someone interested in following your career path or similar investment related fields?
Good
British Hong Kong was probably the top free region, and hence to common knowledge, it is still considered as an option, especially China is presenting this city to be so.
Andrew, what's your opinion of forming a company in Gibraltar?
What about Panama?
I live in Denmark and I think to live in cheap areas in Asia, can I be a tax resident in HK without living there permanently?
The only reason for EU citizens to not incorporate in Hong Kong is the potential blacklisting? It seems it will not actually be included, correct?
It is very interesting, every country has its own political tax industry, but as you mentioned, that is a plus / miss for setting up a business company, good topic Andrew.... every time I look back on your videos I get a different picture of awareness... :-)
Happy to help.
@@nomadcapitalist yes indeed, its an other picture of live :-)
Andrew do you have your book in PDF format as well?
Thanks for asking; the book is available in paperback and Kindle format only.
@@nomadcapitalist pls share
Do your videos with your face in the thumbnail have more views or am I imaging things?
What about Thailand?
Entrepreneur in Thailand here.
And thinking about moving my company elsewhere.
That should be the beginning of an answer to your question...
What if you incorporate a company and dont pay tax
Govt will fine you if you don't pay then they will stop your business
Not anymore...
still yes
(ltcomment) EU countries some are blacklisting HK company