Hong Kong – A New Haven for Businesses from the CIS?

As the global landscape continues to shift, Hong Kong is gaining increasing importance for businesses seeking effective redomiciliation and tax optimization.

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Sergey Kovalkov, Head of the Incorporation Practice at Futura Law, commented to Pravo.ru:

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'The corporate tax rate in Hong Kong is 16.5%, but a reduced rate of 8.25% applies to the first $255,000 of profit'

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According to Kovalkov, redomiciliation to Hong Kong is especially relevant today for structures with an international profile:

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'Redomiciliation is particularly suitable for holding companies, investment funds, and family offices. It’s also an attractive option for companies engaged in international trade or operating in technology sectors such as IT, game development, and digital assets'

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However, he also emphasizes an important practical consideration:

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'The procedures and requirements of local government authorities are not yet fully streamlined, so it's important to allocate more time for the process and be prepared for potential unforeseen requests or delays'