Why Hong Kong is More Than Just a Tax Haven
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- čas přidán 27. 02. 2022
- One of the most popular tax havens in the world is Hong Kong.
It doesn’t tax corporate profits made outside the territory.
The local government encouraged foreign investment.
And the companies that choose to do business in Hong Kong will find a generous 0% VAT on goods and services sold.
However, while commonly known as a tax haven, Hong Kong is much more than that.
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Nice informative video. It is a good help to see the panorama of opportunities that Hong Kong offers to all entrepreneurs, especially from EU. Here, the tax pressure is so difficult for all small businesses, as we have to pay upfront, even if we don't have enough income at the beginning. Good job, Vivian, and to your team. All the best for 2024.
man, i really hope your channel could grow more, keep up the great work !!
Thanks for the message!
Hello, I'm planning to move in HK to open my Beauty Studio, Is it possible? TIA.
Singapore vs Hong Kong which is a better place to incorporate a company?
also what about Hong Kong political issues with china? What are the chances that it might effect businesses in Hong Kong?
Hi there, our opinion is that HK and China remain open for business. If your primary business is to deal with US customers and companies and have operations in the US, then you may want to set up a US company. But if your business involves dealing with Asia, then in my view Hong Kong remains the best location to set up a company (you can check our many videos for why). As usual, contact me Vivian at +85298138802 if you are interested in incorporating a company in HK or SG. Cheers
could you please make a video for paypal and stripe what is requirement for non hk resident ? im thinking to form a hk company but couldnt find a information for paypal hk opening account requirement. Im running a ecommerce store. thanks!
Hey, thanks for the suggestion. We'll look into it.
just want to add that if form a company in USA non us citizen there is no tax liablitly since there is no any nexus ( connection with you and the country )
You pay tax as a US corp though
Not in Delaware. It’s 0% there.
Hi there, thanks for your comment. One day we should indeed do a HK Company Vs. Delaware Company review. But for now, if interested in registering in Hong Kong or Singapore, just reach out to us at +85298138802 (Vivian)
Delaware has federal tax
You still pay federal tax even if state tax is zero. I believe it's 21%?