13 Jul
Hong Kong International Tax Planning
Posted in Business Management, Financial Management by admin1. Introduction.
2. A general characteristic of the companies registered in Hong Kong.
3. Difference of Hong Kong from offshore zones.
4. The taxation of the companies of Hong Kong.
5. Schemes of application of the Hong Kong companies.
Application of the companies of Hong Kong - one of the most effective tools of the international tax planning. Thanks to the local legislation and prestige of jurisdiction in international trade, it is impossible to name this country the offshore, but tax advantages which are represented by this jurisdiction, do not concede to the offshore. Thus Hong Kong - one of the few in the world nizkonalogovyh jurisdictions which is held in respect even at the most furious opponents of a tax competition and offshore business.
Hong Kong (Siangan) - special administrative area of the Chinese National Republic, is located at coast of South China sea, consists of island Siangan, peninsula Jiulong, and of some small islands. Territory - 1066 sq. km. The population - 6,8 million persons (2000), over 98 % - Chineses. An official language - Chinese, however widespread English language.
Within 155 years the territory of Hong Kong was in possession of Great Britain. On July, 1st, 1997 Hong Kong has been returned by Great Britain under the sovereignty of China and began to be called officially as Special administrative area (OAR) Siangan the Peoples Republic of China.
Hong Kong has kept wide degree of an autonomy, has received independence in administrative, legislative and judicial systems (except for questions of defense and external relations), has reserved the status of the free port, the isolated customs area, the right on economic and a cultural contact with the various countries and the international organizations. The special status of Hong Kong will remain at least till 2047 at principle observance: «one country -
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