Offshore companies are used in a variety of ways for international business structuring and tax planning. The countries with incorporated offshore company commonly offer no-tax filing requirement, simple company formation procedure and low cost of company operation maintenance. In Hong Kong, offshore companies can be legally incorporate with a bank account.

Major purposes ;

• Free remittance of profits
    
• Security of property rights and enhanced privacy
    
• Access to tax treaties, reduced taxation and low cost for operating company
    
• Banking privacy, sophisticated banking facilities.
    
• Fewer restrictions and required obligations (no annual return and accounts),
• foreign investment inducements, political stability

• Trading
    
• Investment, financing
    
• Holdings, intellectual property, tax planning
    
• Services and consultancy
    
• Ship management

• Shareholders and directors : No any restriction of nationality, at least one shareholder and direct over 18 years old.
    
• Capital : min U$ 50,000 or min U$ 100,000 depending on countries
    
• Document for incorporation of company
  + Name of company (or can choose a name of shelf companies)
  + Certified true copy of HK’s ID or passports of shareholders and directors
  + Address proof of shareholders and directors
  and others (can be different depending on country)
    
• Time for incorporation : 7 ~ 14 working days (incorporate a new company or purchase a shelf)