Home / Compare / Hong Kong vs US (Delaware) for International Founders

Hong Kong vs US (Delaware) for International Founders

Hong Kong and US Delaware are complementary structures often used by Asia-Pacific and international founders. Hong Kong offers territorial taxation (only HK-source profits taxed), zero VAT, and proximity to mainland China. Delaware is unmatched for US VC fundraising and offers maximum flexibility through its LLC or C-Corp structures — both can be formed by non-residents.

Side-by-side comparison

Category Hong Kong US (Delaware)
Primary entity types Private Company Limited by Shares (Ltd) LLC (pass-through) or C-Corp (VC-standard)
Corporate tax 16.5% (8.25% on first HK$2m — two-tier profits tax) 21% federal + state (C-Corp); pass-through for LLC
Territorial taxation Yes — only HK-source profits are taxable No — worldwide income for C-Corp; pass-through for LLC
VAT / sales tax 0% — no VAT or GST No Delaware state sales tax; federal sales tax varies by state
Resident director required No — directors can be non-resident No — non-residents can own and manage
Annual audit required Yes — mandatory regardless of size No — not required for most small companies
VC fundraising readiness Good — used for APAC and global structures Excellent — C-Corp is the gold standard for US VC
Banking access Good — strong gateway to mainland China Good — US banking accessible for Delaware entities
Formation speed 3–5 business days 1–2 business days (Delaware same-day available)
China market proximity Excellent — established gateway to mainland China Limited

Our verdict

Hong Kong

Best for international traders, consultants earning primarily outside Hong Kong, and businesses wanting territorial taxation, no VAT, and Asia-Pacific proximity.

US (Delaware)

Best for founders raising US venture capital (C-Corp), wanting pass-through taxation flexibility (LLC), or needing a US legal entity for contracts and payments.

Frequently asked questions

Should I form a company in Hong Kong or Delaware?

If you primarily trade internationally outside the US and want territorial taxation (so offshore profits are not taxed), Hong Kong is highly compelling. If you are raising US venture capital or need a US legal entity for contracts, payments, or banking, Delaware is the standard choice. Many APAC founders hold both: a Hong Kong entity for operations and a Delaware C-Corp for their US fundraise.

Does Hong Kong still tax internationally-sourced profits?

No. Hong Kong's territorial tax system means only profits sourced within Hong Kong are assessable. Profits from offshore trading, consulting, or services provided entirely outside Hong Kong are generally not subject to HK profits tax. This is a major advantage for international businesses compared to the US worldwide income system for C-Corps.

Is the mandatory annual audit in Hong Kong a major cost?

The HK annual audit is a fixed ongoing requirement — typically USD 800–2,000/year for a small company. Delaware does not require a statutory audit. Budget this into your ongoing HK compliance costs when comparing the two structures.

Can Nomadic Go help with both Hong Kong and US company formation?

Yes. Nomadic Go provides Limited company formation for Hong Kong and Delaware LLC/C-Corp formation for the US (including EIN support). Government fees are separate from our service fee.

All destination comparisons →   ·   Browse all destinations →