Companies in Hong Kong in international tax planning. Director / shareholders may be of any nationality and resident in any country. Full details of the directors and shareholders is in the Public Registry and is a public and open. The Act provides the notion "shadow director", which means a person, in accordance with the instructions and guidelines to the director or directors most operate on a regular basis. This definition does not affect lawyers, auditors and other professional advisers. The Director may be removed from office by a simple majority decision of the shareholders, instead of the previous requirement of at least three-fourths majority of shareholders. The liability of shareholders is limited to the size of their equity participation in the authorized capital of the company, regardless of whether or not capital paid. As in England, in Hong Kong there is a difference between the declared and paid statutory capital. Because the amount of annual state fee in Hong Kong depends on the declared value of the authorized capital, usually declared capital of the Hong Kong company is 10 thousand HK dollars. Minimum issued capital of 2 shares worth of HK $ 1 each. Registered office must necessarily be in Hong Kong. In addition, each company is assigned to the local Secretary (which can be physical or legal person, but to residents of Hong Kong). In the registered office shall be kept original certificates of registration and other instruments of the company. Customer zakazavshy registered company, is set notary copies of the documents, duly certified apostil. All companies must hold annual meetings of shareholders (not necessarily in Hong Kong). The responsibilities of a company secretary is to prepare a protocol of the meeting the Board of Directors and the annual general meeting of shareholders, preparing notices of annual general meeting, the preparation of the annual general meeting of the protocol, preparing the annual report (Annual Return), and its roster of companies, checking compliance with the Companies Act , fill out forms government sent the company during the year. In Hong Kong, there are requirements for the company's name. Prohibited names related to the state or the royal government (Royal, Federal, etc.). Name involving financial activities (eg Building Society, Chamber of Commerce, Chartered, Co-operative, Imperial, Kaifong, Mass Transit, Municipal, Savings, Tourist Association, Trust, Trustee, Underground Railway, Bank, Insurance, Assurance, Reinsurance, Fund Management, Asset Management, and Investment Fund, as well as their equivalents in other languages), subject to licensing. To conduct banking, insurance or financial activities must be licensed. Title companies can be only in English, only in Chinese or in both languages simultaneously. The company can not be registered under a name identical to the name of an existing company. Taxation Hong Kong companies. The taxation system in Hong Kong emerged on the British model and largely inherited principles Set up the British Commonwealth in the area of tax policy, adopted in 1947. In Hong Kong, there is no division of the resident companies and non-resident, and adopted the principle of territorial taxation. This means that Hong Kong companies to be taxed only if the proceeds received from a source in Hong Kong. If the company has no work in Hong Kong and did not receive income from sources in Hong Kong, it is not subject to taxation. The main piece of legislation is the law on domestic income (Inland Revenue Ordinance). It provides four types of tax: income tax, payroll tax, the real estate tax, tax on interest income. The most important international tax planning is a tax on profits, which will be reviewed in this article in greater detail. In Hong Kong, there are no taxes on capital gains, dividends, interest, royalties earned from abroad or sent abroad.