Incorporated Hong Kong companies are popular with domestic entrepreneurs because the tax system is different in Hong Kong. In particular, if the profits (profits) of a Hong Kong company are derived from outside Hong Kong (i.e. offshore business), according to the provisions of the Hong Kong tax law, there is no need to pay Hong Kong profits tax, but only through the offshore claim process to achieve the result of the Hong Kong profits tax.

There are many factors affecting offshore claims, among them the status of Hong Kong directors and their place of work. If the directors of Hong Kong companies are Hong Kong, then no offshore tax rules can be applied. If the director of a Hong Kong company is not in Hong Kong, it is further necessary to determine whether the director is based in Hong Kong during the corresponding year of assessment. An individual director is required to apply to the Hong Kong Immigration Department for his/her immigration record and submit it to the Hong Kong Inland Revenue Department. If the record shows that he/she did not enter or leave Hong Kong, he/she shall prove that his/her place of work is not in Hong Kong. If you travel to Hong Kong for personal purposes, you need to make an explanation. The offshore non-tax provision applies in the case of a director only if it is proved that the director is not in Hong Kong and his place of work is not in Hong Kong.

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.