4 ms·
Hong Kong is another option, incorporation fees are quite low + ongoing cost is relatively low. Corporate fees capped at 16.5%, with the first 2 million HKD on
by woutr_be 3y ago
Hong Kong is another option, incorporation fees are quite low + ongoing cost is relatively low.
Corporate fees capped at 16.5%, with the first 2 million HKD only 8.25%.
Can all be done online and remotely as well.
Additional benefit that you can apply for an APEC visa to make traveling around easier.
- anonzzzies 3y agoLast time I set up there it was a headache to get a bank account though; that might have changed (but I can hardly believe it got easier).
- nevodavid10 3y agoI think you need to have some business in Hong Kong to open a bank account there. But that's ok, you can open a bank account in a different country.
- woutr_be 3y agoDefinitely was easy for me, I first used Neat (now Rapyd), and currently using AirWallex. Both applications took about 2 days or so.
- nevodavid10 3y agoI know people suffer a bit from Rapyd after the acquisition
- woutr_be 3y agoI only used my account for about 2 months, because it caused a lot of confusion. Your account name was prefixed with “NEAT”, so few of my clients just ignored that and money never arrived. Switched to AirWallex and never looked back.
- hazhu 3y agoAs far as I understand, Hong Kong has this Offshore Tax Exemption, where your earnings will be tax-exempt as long as you can demonstrate that your earnings are from foreign sources (i.e., offshore sources outside of Hong Kong).
- woutr_be 3y agoI believe that in the example you’ve given, you also need to demonstrate that the person who provided the services was also outside of Hong Kong. I haven’t really looked into this offshore exemption, since I’m living here as well.