HK company
Advantages:
- Low Tax Rate
- Low Cost
- Simple Requirements
- No Exchange Control
- Speedy Incorporation Procedures
- No Restriction for Having a Physical Office
Disadvantages:
- Disclosure information (e.g. directors, shareholders )
- Annual filing requirements to Government (e.g. annual return, auditing)
- Annual maintenance fee higher than BVI Co.
BVI company
Advantages:
- Easy to set up
- Low cost
- No tax
- Protection for foreign investors
- Enjoy financial flexibility and privacy
Disadvantages:
- Not easy to open a bank account in Hong Kong
