exactly, Also hk is a great place to start a business. Hong Kong and Singapore both. Hong Kong has a straightforward tax system.The company pays 16.5% of taxes on any profit generated in Hong Kong and nothing else. So if your company imports cellphones from China and sells them to European retailers or through a U.S. based e-commerce site, the company pays no taxes, as the income was generated outside Hong Kong. However if you are a US citizen like me you'd still have to pay taxes to the us government even if you based your internet site in hong kong as well. This is also a good way to show people that we are slaves. I just tell them that if you work and live overseas and don't spend any money in the US or earn any money in the US you still are supposed to pay taxes on what you earned while working and living overseas.