Regulations for offshore companies

Unlike many other low tax jurisdictions, Hong Kong is not considered as one of the tax haven countries by foreign governments and banks. The government of Hong Kong expects that all locally registered companies disclose the identities of their directors and shareholders during the registration process. All Hong Kong-registered companies are expected to submit their audited financial statements to the relevant authorities. Hong Kong does not exempt any company from auditing even if they are small businesses.

You should also note that the local Hong Kong banks will expect that those opening a corporate bank account in Hong Kong to travel and physically be present in Hong Kong.