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		<id>http://istoriya.soippo.edu.ua/index.php?action=history&amp;feed=atom&amp;title=Hong_Kong_Company_Formation_Cheap</id>
		<title>Hong Kong Company Formation Cheap - Історія редагувань</title>
		<link rel="self" type="application/atom+xml" href="http://istoriya.soippo.edu.ua/index.php?action=history&amp;feed=atom&amp;title=Hong_Kong_Company_Formation_Cheap"/>
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		<updated>2026-04-16T06:00:21Z</updated>
		<subtitle>Історія редагувань цієї сторінки в вікі</subtitle>
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	<entry>
		<id>http://istoriya.soippo.edu.ua/index.php?title=Hong_Kong_Company_Formation_Cheap&amp;diff=304935&amp;oldid=prev</id>
		<title>Radiolegal4 в 14:47, 19 березня 2018</title>
		<link rel="alternate" type="text/html" href="http://istoriya.soippo.edu.ua/index.php?title=Hong_Kong_Company_Formation_Cheap&amp;diff=304935&amp;oldid=prev"/>
				<updated>2018-03-19T14:47:52Z</updated>
		
		<summary type="html">&lt;p&gt;&lt;/p&gt;
&lt;table class='diff diff-contentalign-left'&gt;
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				&lt;td colspan='2' style=&quot;background-color: white; color:black; text-align: center;&quot;&gt;← Попередня версія&lt;/td&gt;
				&lt;td colspan='2' style=&quot;background-color: white; color:black; text-align: center;&quot;&gt;Версія за 14:47, 19 березня 2018&lt;/td&gt;
				&lt;/tr&gt;&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot;&gt;Рядок 1:&lt;/td&gt;
&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot;&gt;Рядок 1:&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class='diff-marker'&gt;−&lt;/td&gt;&lt;td style=&quot;color:black; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;&lt;del class=&quot;diffchange diffchange-inline&quot;&gt;It has been ranked as &lt;/del&gt;the &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;freest in &lt;/del&gt;the &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;world by the Index &lt;/del&gt;of &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Economic Freedom for 15 consecutive years&lt;/del&gt;.&lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Political Stability&lt;/del&gt;: &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Hong Kong a former British Dependent Territory became a Special Administrative Region &lt;/del&gt;of &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;People's Republic of China &lt;/del&gt;in &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;July 1997&lt;/del&gt;. &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Since then Hong Kong has retained its autonomous status and under &lt;/del&gt;the &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;&amp;quot;one country two systems&amp;quot; concept, the Chinese government &lt;/del&gt;does not &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;interfere with &lt;/del&gt;the &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;governance &lt;/del&gt;of &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Hong Kong which has flourished by leaps and bounds with a significant share &lt;/del&gt;of &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;world's largest banks&lt;/del&gt;, &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;corporations &lt;/del&gt;and &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;high net worth &lt;/del&gt;individuals. &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;World Investment Report 2009 released by the United Nations Conference on Trade and Development (UNCTAD)reaffirmed Hong Kong &lt;/del&gt;as &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;one of the world's &lt;/del&gt;and &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Asia's most attractive destinations for FDI&lt;/del&gt;. &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Despite the tough economic situation Hong Kong attracted US$63 billion inward investment in 2008 and continues &lt;/del&gt;to &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;be Asia's second largest and is the world's seventh largest FDI recipient. This reflects &lt;/del&gt;on &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;the investment climate and investor's confidence which are direct outcome &lt;/del&gt;of &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Political stability&lt;/del&gt;.&lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Strong Economy: With 7 million population and foreign exchange reserve &lt;/del&gt;of &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;over US$140 billion the economy &lt;/del&gt;of &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Hong Kong is resilient &lt;/del&gt;and &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;vibrant&lt;/del&gt;. &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;The Hong Kong Stock Exchange is Asia's second largest stock exchange &lt;/del&gt;in &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;terms &lt;/del&gt;of &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;market capitalization&lt;/del&gt;, &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;behind the Tokyo Stock Exchange&lt;/del&gt;. &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;As &lt;/del&gt;of &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;31 December 2007&lt;/del&gt;, &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;the Hong Kong Stock Exchange had 1&lt;/del&gt;,&lt;del class=&quot;diffchange diffchange-inline&quot;&gt;241 listed &lt;/del&gt;companies &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;with &lt;/del&gt;a &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;combined market capitalization &lt;/del&gt;of &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;$2&lt;/del&gt;.&lt;del class=&quot;diffchange diffchange-inline&quot;&gt;7 trillion&lt;/del&gt;.&lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Absence &lt;/del&gt;of &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Nationality &lt;/del&gt;or &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Residency Limitation: As an international business center &lt;/del&gt;the jurisdiction &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;does not have any stipulation regarding &lt;/del&gt;the &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;nationality or &lt;/del&gt;the &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;residency &lt;/del&gt;of &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;share holders and directors&lt;/del&gt;. &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;A minimum &lt;/del&gt;of &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;one director and shareholder is required and there is no cap on &lt;/del&gt;the &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;maximum numbers and &lt;/del&gt;a &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;foreigner who is not residing in Hong Kong can act &lt;/del&gt;as the &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Director&lt;/del&gt;. The &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;director and shareholder can be &lt;/del&gt;the &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;same person&lt;/del&gt;. &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;However &lt;/del&gt;the &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;company secretary must be a resident individual or a resident company&lt;/del&gt;.&lt;/div&gt;&lt;/td&gt;&lt;td class='diff-marker'&gt;+&lt;/td&gt;&lt;td style=&quot;color:black; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;&lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;Then, &lt;/ins&gt;the &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;business owners must appoint a registered agent or trustee, incorporate &lt;/ins&gt;the &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;company and fulfill all financial reporting responsibilities.Characteristics &lt;/ins&gt;of &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;offshore companies:Offshore companies differ depending upon the corporate law in the relevant jurisdiction&lt;/ins&gt;. &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;All offshore companies have certain characteristics&lt;/ins&gt;:&lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;They are broadly not subject to [http://pyrh.net/comment/html/?238463.html Offshore Company Formation in Gibraltar] taxation in their home jurisdiction.The corporate regime will be designed to promote business flexibility.Regulation &lt;/ins&gt;of &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;corporate activities will normally be lighter than &lt;/ins&gt;in &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;a developed country&lt;/ins&gt;.&lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;The absence of taxation or regulation in &lt;/ins&gt;the &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;home jurisdiction &lt;/ins&gt;does not &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;exempt &lt;/ins&gt;the &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;relevant company from taxation or regulation abroad.Another common characteristic &lt;/ins&gt;of &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;offshore companies is the limited amount &lt;/ins&gt;of &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;information available to the public. This varies from jurisdiction to jurisdiction. Most jurisdictions have laws which permit law enforcement authorities (either locally or from overseas) to have access to relevant information&lt;/ins&gt;, and &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;in some cases, private &lt;/ins&gt;individuals.&lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;Most offshore jurisdictions normally remove corporate restraints such &lt;/ins&gt;as &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;thin capitalisation rules, financial assistance rules, &lt;/ins&gt;and &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;limitations on corporate capacity and corporate benefit&lt;/ins&gt;. &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;Many have removed rules relating &lt;/ins&gt;to &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;maintenance of capital or restrictions &lt;/ins&gt;on &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;payment &lt;/ins&gt;of &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;dividends&lt;/ins&gt;. &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;A number &lt;/ins&gt;of &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;jurisdictions have also enacted special corporate provisions to attract business through offering corporate mechanisms that allow complex business transactions or reorganisations.Uses &lt;/ins&gt;of &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;offshore companies:There are frequent allegations that offshore companies are used for money laundering, tax evasion, fraud, &lt;/ins&gt;and &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;other forms of white collar crime&lt;/ins&gt;. &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;Offshore companies are also used &lt;/ins&gt;in &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;a wide variety &lt;/ins&gt;of &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;commercial transactions from holding companies&lt;/ins&gt;, &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;to joint ventures and listing vehicles&lt;/ins&gt;. &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;Offshore companies are also used widely in connection with private wealth for tax mitigation and privacy. The use &lt;/ins&gt;of &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;offshore companies&lt;/ins&gt;, &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;particularly in tax planning&lt;/ins&gt;, &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;has become controversial in recent years, and a number of high-profile &lt;/ins&gt;companies &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;have ceased using offshore entities in their group structure as &lt;/ins&gt;a &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;result &lt;/ins&gt;of &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;public campaigns for such companies to pay their &amp;quot;fair share&amp;quot; of Government taxes&lt;/ins&gt;.&lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;Tax Haven:A tax haven is a jurisdiction that offers favorable tax or other conditions to its taxpayers as relative to other jurisdictions&lt;/ins&gt;. &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;Particular taxes, such as an inheritance tax or income tax, are levied at a low rate or not at all. Maintains a system &lt;/ins&gt;of &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;financial secrecy, which enables foreign individuals to hide assets &lt;/ins&gt;or &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;income to avoid or reduce taxes in &lt;/ins&gt;the &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;home &lt;/ins&gt;jurisdiction&lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;.The following jurisdictions are considered &lt;/ins&gt;the &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;major destinations:(1.) Bermuda: Bermuda earned &lt;/ins&gt;the &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;dubious distinction &lt;/ins&gt;of &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;ranking No&lt;/ins&gt;.&lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;1 on Oxfam's 2016 list &lt;/ins&gt;of the &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;world's worst corporate tax havens. Bermuda features &lt;/ins&gt;a &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;zero percent corporate tax rate, &lt;/ins&gt;as &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;well as no personal income tax rate. Due to &lt;/ins&gt;the &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;lack of corporate taxes, multinational companies have raked in huge amounts of money in Bermuda&lt;/ins&gt;.&lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;(2.) Netherlands:&lt;/ins&gt;The &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;most popular tax haven among &lt;/ins&gt;the &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;Fortune 500 is the Netherlands, with more than half of the Fortune 500 reporting at least one subsidiary there&lt;/ins&gt;. &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;Oxfam's list of &lt;/ins&gt;the &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;worst corporate tax havens placed this Benelux country at No.3&lt;/ins&gt;.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;/td&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class='diff-marker'&gt;−&lt;/td&gt;&lt;td style=&quot;color:black; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;&lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Minimum Share Capital: The minimum paid up capital is HK $1 and recommended share capital is HK$10,000. Bearer shares are not allowed.Filing of Returns: If a company does not do any business in Hong Kong, which is usually the case with offshore companies, there is generally no requirement &lt;/del&gt;to &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;file financial statements and no audit is required. It is only necessary &lt;/del&gt;to &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;file an annual Declaration of &amp;quot;No business activity &lt;/del&gt;in &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Hong Kong&lt;/del&gt;.&lt;del class=&quot;diffchange diffchange-inline&quot;&gt;&amp;quot; &lt;/del&gt;However &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;if the offshore company has an office in Hong Kong or has employees in Hong Kong then it is required &lt;/del&gt;to &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;file audited financial accounts. Moreover the government reserves the right to request for filing annual statements at a short notice any time therefore it is recommended to maintain the books up-to-date.Provision for Anonymity: The names &lt;/del&gt;and &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;details of the Directors and Shareholders are disclosed in public records however the nominee provision could be used in order &lt;/del&gt;to &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;maintain anonymity&lt;/del&gt;.&lt;del class=&quot;diffchange diffchange-inline&quot;&gt;[https://hkinco&lt;/del&gt;.&lt;del class=&quot;diffchange diffchange-inline&quot;&gt;com hong kong company set up] Regulatory Compliance&lt;/del&gt;: &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;The other regulatory compliance &lt;/del&gt;are &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;simple and is similar &lt;/del&gt;to &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;any resident companies such as maintenance of proper records, renewal of licenses, notifying any changes in the registered details etc.A Hong Kong offshore company is a very popular vehicle for conducting offshore banking activities, international trade, investment activities, and for asset protection&lt;/del&gt;.&lt;/div&gt;&lt;/td&gt;&lt;td class='diff-marker'&gt;+&lt;/td&gt;&lt;td style=&quot;color:black; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;&lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;National governments often use tax incentives &lt;/ins&gt;to &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;lure businesses &lt;/ins&gt;to &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;invest &lt;/ins&gt;in &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;their country&lt;/ins&gt;. However&lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;, far too often tax incentives have been found &lt;/ins&gt;to &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;be ineffective, inefficient &lt;/ins&gt;and &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;costly, according &lt;/ins&gt;to &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;Oxfam&lt;/ins&gt;.&lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;(3&lt;/ins&gt;.&lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;) Luxembourg&lt;/ins&gt;: &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;This tiny EU member state remains a center of relaxed fiscal regulation through which multinationals &lt;/ins&gt;are &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;helped &lt;/ins&gt;to &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;avoid paying taxes&lt;/ins&gt;.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</summary>
		<author><name>Radiolegal4</name></author>	</entry>

	<entry>
		<id>http://istoriya.soippo.edu.ua/index.php?title=Hong_Kong_Company_Formation_Cheap&amp;diff=304227&amp;oldid=prev</id>
		<title>Tubasheep5: Створена сторінка: It has been ranked as the freest in the world by the Index of Economic Freedom for 15 consecutive years.Political Stability: Hong Kong a former British Dependen...</title>
		<link rel="alternate" type="text/html" href="http://istoriya.soippo.edu.ua/index.php?title=Hong_Kong_Company_Formation_Cheap&amp;diff=304227&amp;oldid=prev"/>
				<updated>2018-03-18T14:45:40Z</updated>
		
		<summary type="html">&lt;p&gt;Створена сторінка: It has been ranked as the freest in the world by the Index of Economic Freedom for 15 consecutive years.Political Stability: Hong Kong a former British Dependen...&lt;/p&gt;
&lt;p&gt;&lt;b&gt;Нова сторінка&lt;/b&gt;&lt;/p&gt;&lt;div&gt;It has been ranked as the freest in the world by the Index of Economic Freedom for 15 consecutive years.Political Stability: Hong Kong a former British Dependent Territory became a Special Administrative Region of People's Republic of China in July 1997. Since then Hong Kong has retained its autonomous status and under the &amp;quot;one country two systems&amp;quot; concept, the Chinese government does not interfere with the governance of Hong Kong which has flourished by leaps and bounds with a significant share of world's largest banks, corporations and high net worth individuals. World Investment Report 2009 released by the United Nations Conference on Trade and Development (UNCTAD)reaffirmed Hong Kong as one of the world's and Asia's most attractive destinations for FDI. Despite the tough economic situation Hong Kong attracted US$63 billion inward investment in 2008 and continues to be Asia's second largest and is the world's seventh largest FDI recipient. This reflects on the investment climate and investor's confidence which are direct outcome of Political stability.Strong Economy: With 7 million population and foreign exchange reserve of over US$140 billion the economy of Hong Kong is resilient and vibrant. The Hong Kong Stock Exchange is Asia's second largest stock exchange in terms of market capitalization, behind the Tokyo Stock Exchange. As of 31 December 2007, the Hong Kong Stock Exchange had 1,241 listed companies with a combined market capitalization of $2.7 trillion.Absence of Nationality or Residency Limitation: As an international business center the jurisdiction does not have any stipulation regarding the nationality or the residency of share holders and directors. A minimum of one director and shareholder is required and there is no cap on the maximum numbers and a foreigner who is not residing in Hong Kong can act as the Director. The director and shareholder can be the same person. However the company secretary must be a resident individual or a resident company.&lt;br /&gt;
&lt;br /&gt;
Minimum Share Capital: The minimum paid up capital is HK $1 and recommended share capital is HK$10,000. Bearer shares are not allowed.Filing of Returns: If a company does not do any business in Hong Kong, which is usually the case with offshore companies, there is generally no requirement to file financial statements and no audit is required. It is only necessary to file an annual Declaration of &amp;quot;No business activity in Hong Kong.&amp;quot; However if the offshore company has an office in Hong Kong or has employees in Hong Kong then it is required to file audited financial accounts. Moreover the government reserves the right to request for filing annual statements at a short notice any time therefore it is recommended to maintain the books up-to-date.Provision for Anonymity: The names and details of the Directors and Shareholders are disclosed in public records however the nominee provision could be used in order to maintain anonymity.[https://hkinco.com hong kong company set up] Regulatory Compliance: The other regulatory compliance are simple and is similar to any resident companies such as maintenance of proper records, renewal of licenses, notifying any changes in the registered details etc.A Hong Kong offshore company is a very popular vehicle for conducting offshore banking activities, international trade, investment activities, and for asset protection.&lt;/div&gt;</summary>
		<author><name>Tubasheep5</name></author>	</entry>

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