just fyi , this is only for the first 2 mil hkd , after that would be taxed at ~16% ish . The most difficult and time consuming part is also getting bank accountThe main issue with this non sense juristictions is the missing support from Banks / Payment Gateways.
Even Bahrain is not supported by stripe at the moment even tho bank are not bad.
Seychelles is basically not supported by anyone.
Hong Kong looks way more interesting at this point than Dubai to me.
Even without the offshore status approved it's still 8.5% (0.5% less than Dubai) and waay more cheaper to incorporate and manage, Dubai free zone licenses are starting at 4k$ a year, where HK can be as low as $600.