Cheng & Cheng Taxation Reveals Nine "Additional" Challenges Trading Companies Should Pay Attention to when Pursuing Offshore Claims in Hong Kong

A surprising number of multinational corporations fail in their application for an offshore claim in Hong Kong, even when they have no personnel physically present in the jurisdiction
HONG KONG SAR - Media OutReach - 8 August 2022 - Hong Kong is famous for its simple taxation system and low tax rate, and its territorial taxation concept has attracted many Mainland China enterprises and multinational corporations (MNCs) to set up trading companies in Hong Kong.