Thanks for your reply! Hong Kong does indeed seem like the ideal location. It seems very mixed to me though. As has been said (and from what I read) its hard to open business accounts there unless you are high net worth individual (not me) and it is associated with money laundering which could affect business transactions negatively. And then there is the encroaching threat with China’s claim to HK which could get ugly soon.
On paper it is good though. If you had a UK LLC you could probably pay just the 19% corporation tax if you then moved to a 0% tax or territorial tax country like Georgia. Of course then you would run into the whole rat’s nest with escaping the UK tax net in order to be able to do even that. It seems like unlike Australia and Canada, it is comparatively straight forward. So if you then managed to move your LLC structure to Hong Kong (which I don’t think would be easy, cheap or tax free at all) then you would definitely pay 0% tax.
Perhaps if there was an alternative country to Hong Kong that doesn’t have the negative business ease aspects (Seychelles/Belize etc.), is low tax (Bulgaria standard) it would work? What about Estonia? If you incorporate there, you pay 0% corp tax. And then the 20% withholding tax would apply only if you are living in a country with a taxation rate equal to or higher than that? I wonder what it would be if you lived in a territorial tax country… If it is 20% regardless, better off keeping that UK LLC. Which has a world renowned reputation for business ease… But then your ‘area of activites’ would be too UK -centric for them to let you off the hook for the non-corp taxes… Its so complex…
I will check it out, thanks!