A Hong Kong Limited liability Company has no restriction on the amount of share capital and liability is limited to authorised capital and respect of Hong Kong laws and regulations. It requires at least: one shareholder, one director (not necessarily a Hong Kong resident), a Hong Kong address, a Company Secretary (who is a Hong Kong resident).
The Hong Kong tax system is easy: are taxed, and therefore subject to tax as income all commercial activities conducted in Hong Kong. If your business has nothing to do with Hong Kong such as buying products in China for resale in France or make websites for European clients, your income will not be taxed in Hong Kong.
Any business carried on in Hong Kong is subject to a tax on corporate profits. Only profits and revenues derived directly from Hong Kong are taxed at 8,25% for first HKD 2,000,000 and 16.5% over. All current expenses of a company (expenses, advisory fees, etc.) and depreciation of capital (at specified rates) are deductible from taxable income.
There is no VAT. The repatriation of the result of a branch, dividends and capital gains on assets and dividends are not taxed.