Hong Kong is not a traditional offshore centre but rather a territory which offers a non discriminatory low tax regime based on “territorial principle” under which only income arising in Hong Kong is taxable in the jurisdiction.
Hong Kong has signed comprehensive double taxation agreements (DTA) with 55 countries, of which 53 are in effect. The agreements cover direct taxes, which in the case of Hong Kong are income tax, corporation tax and capital gains tax.
List of countries which sign DTA with Hong Kong might be found in here.
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