Hong Kong vs Delaware (USA): which jurisdiction wins?

Hong Kong vs Delaware (USA) — both credible, very different trade-offs. Below: side-by-side on the variables that actually move the decision.

	Hong Kong	Delaware (USA)
Tax headline	16.5% profits tax, territorial system	21% federal + 8.7% Delaware (no state tax on non-DE income)
Formation days	7	1
First-year cost	$3,200	$1,200
Treaties	47+	70+
Substance	Offshore claim requires substance and operational evidence	US tax presence considerations
Banking	HSBC, Standard Chartered, plus VASP-licensed banks since 2024	Mercury, Brex, plus tier-1 US banks

Talk to a partner before you incorporate.

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