A Guide to Hong Kong’s Offshore Law Firms

Hong Kong is widely regarded as having the world’s most free economy. Its tax regulations allow foreigners to establish businesses in Hong Kong that are legally exempt from corporate income tax.

Despite not having a specific law governing offshore business incorporation, the nation is one of the most well-liked locations for doing so due to its low tax rate, lack of foreign trade restrictions, monetary and political stability, ease of collaboration among offshore companies, and other factors.

Hong Kong offshore business arrangements are appropriate for directing offshore banking activities, investment activities, worldwide exchange, and asset insurance. This tutorial will help you understand how to set up an offshore corporation as a foreigner in Hong Kong.

What exactly is an offshore law firm?

An offshore law company creates legal entities in multiple countries. An offshore legal firm’s services include the formation of offshore enterprises, offshore trusts, offshore private foundations, and offshore bank accounts.

Furthermore, an offshore law company should be able to provide international tax planning, offshore counseling, global agreements, corporate structuring, global resource insurance, global arranging, strategic counseling, and wealth management.

A good offshore legal company has branches in numerous tax haven countries that provide direct assistance in forming offshore corporations, offshore foundations, and offshore trusts. This is the mark of an authentic worldwide offshore law practice.

An offshore law firm with branches on several landmasses providing offshore consolidation in over 50 countries provides better-tailored services based on the customer’s needs than a single tax haven jurisdiction offshore law firm.

Maples Group (Tier 1 firm) is an offshore law firm in Hong Kong.

  • Gone as the Cayman Islands legal counsel to Xiaomi Corporation on its IPO on the Hong Kong Stock Exchange’s Main Board.
  • Aurora Mobile Limited’s Cayman Islands legal counsel has vanished, according to its proposed sale and filing of 9,060,000 ADSs on NASDAQ.
  • Pinduoduo, Inc. has received legal advice from the Cayman Islands in connection with its proposed offering and listing of 85,600,000 ADSs on NASDAQ.
  • Gone is the Cayman Islands legal perspective on Meituan Dianping’s global contribution and posting shares on the Hong Kong Stock Exchange’s Main Board.
  • Gone is the Cayman Islands legal advice to Innovent Biologics, Inc. on its global contribution and listing of shares on the Hong Kong Stock Exchange’s Main Board.

Walkers is a Tier 1 firm.

  • Gone as BVI and Bermuda counsel to certain secured creditors on Noble Group’s rebuilding.
  • Cayman Islands counsel to the joint book-running heads on a Rule 144A/Regulation S notes offering by Sands China Ltd. of a combined $5.5 billion high-return bond issue
  • Cayman Islands advice to the ordered lead arrangers on the $5.3 billion senior offices supporting Bain Capital’s Toshiba Memory procurement has vanished.
  • In accordance with the Hong Kong Takeovers Code, COSCO SHIPPING Holdings’ wholly owned subsidiaries and Shanghai International Port (Group) Co., Ltd. made a voluntary general money offer to COSCO SHIPPING Holdings for the entirety of the given portions of Orient Overseas for a total estimated value of up to $6.3 billion.
  • Morgan Stanley was appointed as the ordered lead arranger of $4.1 billion in resource-backed senior bonds on financing for a consortium of buyers akin to the highly publicized acquisition of The Center, one of Hong Kong’s most renowned commercial structures.

Conyers (second-tier firm)

  • Given the BVI and Cayman Islands’ admonition to Luckin Coffee regarding its $570 million contributions and the listing of 33,000,000 American Depositary Shares (ADS) on the NASDAQ Global Select Market,
  • Gone as Bermuda’s insight to Noble Group on its major global reconstruction
  • Sunac China Holdings has received legal advice from Cayman and the British Virgin Islands regarding the issuing of senior notes.
  • Fantasia Holdings Group has gained unique and authentic knowledge of various senior note issuances.
  • Given the Cayman Islands’ lawful advice to Hanwha Q Cells Co., Ltd.’s Special Committee on its $825 million merger.

Harneys (Tier 2 firm)

  • Informed the lender planning board and Deutsche Bank of Noble Group’s $3.5 billion obligation buildup.
  • Gone as BVI insight to Studio City Finance, similar to a global contribution of $600 million in senior notes guaranteed by all of its subsidiaries
  • Gone as the Cayman Islands counsel for VCredit Holdings with relation to its shares’ global contribution on the Hong Kong Stock Exchange.
  • According to the global contribution of its shares on the Hong Kong Stock Exchange, AsiaInfo Technologies has gone about as BVI’s legitimate advice.
  • Cayman Islands counsel to CMBC Asset Management regarding the dispatch of its CMBCC Co-High Medical Investment Fund SP, an isolated arrangement of CMBCC Investment Fund SPC, an open-ended Cayman Islands finance established as an isolated portfolio business, has vanished.

Appleby (second-tier firm)

  • Cayman Islands insight into Shandong Gold Mining related to its global contribution and posting on the Main Board of the Hong Kong Stock Exchange, with net proceeds of approximately HK$5.2 billion.
  • Gone as the Cayman counsel for Yincheng International Holding Co. following its listing on Hong Kong’s Main Board of The Stock Exchange with net proceeds of about HK$843m.
  • Gone about as BVI direction to Shenwan Hongyuan Group corresponding to its global contribution and posting on Hong Kong’s Main Board of The Stock Exchange, with net proceeds of roughly HK$9.24 billion, the highest Hong Kong IPO so far as of the hour of posting.
  • Gone about as Bermuda and BVI advice to Minmetals Land for the issuance of $300 million of 6.4% guaranteed bonds due 2021 by Expand Lead Limited (a BVI company), which are genuinely and permanently guaranteed by Minmetals Land Limited (a Bermuda company recorded on the Hong Kong Stock Exchange’s principle leading group).
  • Represented IIVI Incorporated, a Nasdaq-listed global pioneer in engineered materials and optical solutions for networks, in its proposed purchase (through merger) of CoAdna Holdings, Inc., a TWSE-listed business, in a money exchange valued at about $85 million at closing.

There are many more to add to the list, such as Mourant Ozannes, Ogier, and so on.