2. Hong Kong
Being the first special administrative region of China, Hong Kong enjoys its own autonomy. But it is still protected by China. Thus, this ensures its stability to attract money from investors oversea.
As one of the world’s fastest growing tax havens, Hong Kong holds a great record. In 2015, Hong Kong was the world’s highest in terms of Ultra High Net Worth Individuals.
The individual wealth was over $100 million per capita. In the other hand, it is also the home to $2.1 trillion in fund management industry and over $350 billion in private banking asset.
Hong Kong tax regulation is based on territories. Profits earned by companies conducting business in Hong Kong are tax-levied. And the tax rate itself is fixed at 17.5%. However, income gained outside Hong Kong is tax exempt. In addition to that, companies’ interests, capital gains, and dividends are not subjected to any form of taxation.
