Hong Kong

Osiris currently only has a representative office in Hong Kong. However, it is one of the most dynamic centers in the region. It is evidence of what freedom to trade and a low tax rate can achieve. At 16.5%, no Capital Gains Tax, a source based tax system and next door to China, it has developed into a regional powerhouse. Osiris tends to focus on assisting companies intent on listing on the Hong Kong exchange with all of the necessary pre IPO planning, often in conjunction with our Cayman Office. We also assist with the set up and administration of pension schemes under the ORSO rules which offer a very attractive pension regime indeed.

Hong Kong has signed a total of 32 Double Tax Treaties with the following countries:

Austria, Belgium, Brunei, Canada, China, Czech Rep, France, Guernsey, Hungary, Indonesia, Ireland, Italy, Japan, Jersey, Korea, Kuwait, Liechtenstein, Luxembourg, Malaysia, Malta, Mexico, Netherlands, New Zealand, Portugal, Qatar, Russia, South Africa, Spain, Switzerland, Thailand, United Arab Emirates, United Kingdom

Latest in Hong Kong

post April 29, 2019

BVI Economic Substance Code Published

The move to require substance of entities established in the BVI has now received some clarity with the publication on 23 April 2019 by the BVI International Tax Authority of the draft Economic Substance Code (the Code). This complements the previously published Economic Substance (Companies and Limited Partnerships) Act, 2018…

post April 15, 2019

Draft BVI guidance on economic substance requirements expected April

Industry Alert: Draft BVI guidance on economic substance requirements expected late April 2019 Earlier this year, the government of the British Virgin Islands (BVI) enacted the Economic Substance (Companies and Limited Partnerships) Act of 2018 that came into effect on 1 January 2019. In a nutshell, the Act aims to…

post January 22, 2018

Introduction of 2 Tiered Profits Tax System

On 29 December 2017, the Hong Kong government sought to implement a two-tiered profits tax rates regime. Under the proposed regime, the profits tax rate for the first HKD 2 million (approximately US$250k) of profits of corporations will be reduced to 8.25%, while the standard profits tax rate of 16.5%…

post February 1, 2016

Hong Kong And China Sign The 4th Protocol To The Double Tax Treaty

Hong Kong and China signed a protocol to the double tax treaty between them in April 2015. That protocol has come into force with effect from 29 December 2015. The protocol amends the existing treaty as follows: Profits from the operation of ships or aircraft in the other country will…

post December 16, 2015

South Africa Hong Kong Double Tax Treaty

On the 20th October 2015 the double tax treaty between South Africa and Hong Kong entered into force. The Treaty applies from 1 January 2016 for South Africa and 1 April 2016 for Hong Kong. Interesting points to note about the treaty are: Withholding taxes on dividends are reduced to…