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 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

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