Offshore production companies

Minister of Finance of one of the most popular offshore jurisdictions, Hong Kong is not going to announce a reduction in taxes. However, on the activities of offshore companies are not affected in any. Taxation of companies that do not derive any income from sources in Hong Kong will not be lower - it is so trivial.

Trying to get a competitive advantage, some British island jurisdictions (on the in-Maine, on the islands of Guernsey and Jersey) have established a zero rate of corporate tax for all companies. Hong Kong also plans to retain leadership in the offshore business by other means - mainly due to further liberalization of only foreign and non-resident companies, which now number close to half.

Nevertheless, the Institute of Tax experts believe that in order to stimulate the domestic business income tax for new companies can be set at a rate of 10%. Thanks to the huge budget profitsitu country can easily afford it.


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