Hong Kong's tax system is simple and predictable.

• Corporate profits tax rate is 17.5%.
• Personal tax is also among the lowest in the world at about 15.5% (the rate will be increased to 16% in assessment year 2004/05). And there are no hidden "extras." ...

(Adopted at the 4th Meeting of the Standing Committee of the Sixth National People’s Congress on March 12,1984

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BUSINESS TRANSACTIONS

• ICs may engage in any lawful business and may carry on transactions in whatever currencies they choose.

TAXATION

• Full exemption from taxation for any business activity or transaction carried out outside Samoa....

   

Bermuda remains one of the oldest colonies of the United Kingdom. It is strategically located in the North Atlantic, closer to the United States than the Caribbean. Bermuda is protected under a United States defense umbrella. The legal system is based on English Common Law but has been modified and supplemented by acts passed under the Bermuda Constitution Order which took place in 1968. The government is headed by a governor, who is appointed by the Crown of England. The success of Bermuda as an international financial center is due to its social and political stability, excellent communications, sound regulatory regime, progressive legislation, and high caliber of professionals.

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Business Entities

Non-resident domestic corporations. (also known as International Business Companies (IBC))
An IBC is one of the most widely used business vehicles. In the event of a business loss or lawsuit, a shareholder's liability is limited to his/her direct capital investment in the shares of the corporation. Corporations are managed by a board of directors and officers which can be individuals or entities. The minimum number of directors is one (1). Meetings of the shareholders and the board (no annual meeting requirement for board of directors – only for shareholders) must be held annually, and some corporate actions require the consent of shareholders.
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Why you should organize your limited liability company in Nevada:
 

Nevada has been very aggressive in making laws to attract business to Nevada, especially from people in nearby California. Nevada has favorable state income tax rates. Nevada allows for bearer stock certificates where the holder of the certificate is the owner and no stockholder list is required. Nevada has designed its laws to make it very difficult for a creditor of a corporation from suing the stockholders personally. For this reason, Nevada corporations have grown in popularity.

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