According to the World Bank Doing Business Survey, Hong Kong is ranked second in the world for the ease of doing business. One of its most competitive advantages is its friendly, transparent, and predictable tax regime.
The local authorities do not tax income earned outside of Hong Kong. Corporations pay either an 8.25% or 16.5% tax, depending on the level of profit generated within the country. Capital gains, interest, or dividends are not subject to taxation in Hong Kong. Moreover there is no sales tax or VAT.
Another significant attraction for investors is the country’s commitment to protect the privacy of the individuals who maintain bank accounts in Hong Kong. Currently the country ranks fourth on the Financial Secrecy Index, trailing behind Switzerland, the United States, and the Cayman Islands.
Hong Kong is particularly appealing to corporations aiming to operate in the payment services market. Here, obtaining a payment service provider licence (or licenses) is feasible. Our team possesses a significant experience in advising on and overseeing the acquisition of local Money Service Operator (MSO) and Stored Value Facilities (SVF) licences.
We are always open and ready to help in obtaining other permits for the purposes to develop your business.