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even if they are remitted to Hong Kong

Directors: The individuals who manage the routine affairs of company. In many jurisdictions it is possible for companies to be directors of other companies. Corporate service providers in offshore jurisdiction of Seychelles will often provide directors.Like Singapore, Hong Kong is one of Asia's major economies and a preferred choice for business incorporation.With the world becoming a small village and opportunities for easy and quick exchange of information, starting a company offshore has become quite easy. So, it has become a complementary process. The concerned country makes all the necessary arrangement for businessmen to launch a company easily so that they can be benefited from the presence of these companies. On the other hand, companies find it convenient and profitable to form an offshore company and run their business there. Hong Kong is ranked as the world's freest economy and also ranked third in the World Bank's 'Ease of Doing Business Report', 2010. Hong Kong has the lowest tax rates in Asia and one of the lowest rates in the world. Taxes in Hong Kong are levied on the "territorial principle". In other words, taxes are only levied on income "derived from or arising in" Hong Kong and not on income sourced outside Hong Kong. No tax is levied on profits arising abroad, even if they are remitted to Hong Kong.