Hong Kong, Hong Kong (PressExposure) February 23, 2009 -- Hong Kong has big benefits for businesses looking to cut taxes and increase privacy with ease, according to offshore operations specialist Zetland Fiduciary Group.
According to the Heritage Foundation, Hong Kong has held the top position in the ranks of the world's freest economies for the past decade. It has several other important positives for companies looking to incorporate offshore, including: 1. A common law legal system that is transparent and advanced 2. State of the art infrastructure 3. Common use of English 4. A low tax burden for companies 5. Central location for Asian operations, and easy access to the world's largest economy, China. These benefits have convinced over 800 international companies to make Hong Kong the base for their operations.
Jason Weatherhead of Zetland Fiduciary Group also notes several significant monetary advantages to Hong Kong company incorporation. "If the company operates within certain criteria, there is no profit tax liability, and any surplus funds that are generated while in Hong Kong are available for reinvestment - tax free. Surplus funds can also be remitted or loaned to other companies". "Capital gains tax is non-existent in Hong Kong, and interest on outside bank accounts is tax free", Mr.Weatherhead continued.
Other factors which work to make Hong Kong an ideal place for offshore company incorporations include: 1. All businesses operate without fear or favor, on a level playing field 2. Capital flow in and out is unrestricted 3. No foreign exchange controls or company ownership nationality restrictions 4. Time zone placement is ideal 5. A stable currency
Zetland feels that although rental and staff costs remain high in Hong Kong, profits derived from local activity should offset this factor.
About Zetland Fiduciary Group:
The Zetland Fiduciary Group - http://www.zetland.biz - provides the offshore investor with fiduciary Services, investment management and corporate advisory services, offering personal service and professional advice with total confidentiality.
For more information please contact:
Jason Weatherhead Zetland Fiduciary Group Email: jason ( @ ) zetland dot biz