Earlier quoted context omitted.
Yes, but you'll be taxed in your country of residence unless you can prove that you don't have a Permanent Establishment, which will be near impossible. If you wholly manage your business from a given country, your business is prima facie established in that country and wholly taxable there, regardless of where it is incorporated. There may be some advantages to incorporating abroad in order to take advantages of str…
Indeed, but you are taxed on /your/ income, not your company's. The company itself is not a citizen of the jurisdiction you live in. Have the company pay yourself a salary that is below (or just above) the lowest tax bracket in the jurisdiction you live in and you pay zero or very little taxes on that income. When you ever want to take out more than this salary from that company, make sure you do so either through an…
If I register a limited company in Britain but I manage it from France, that company will be taxable in France to a greater or lesser extent. While it may be possible to distribute profits in a more tax-efficient manner, a company cannot operate in a country but completely avoid paying tax by mere fact of being incorporated abroad. Simply employing a contractor or renting a server in a country may be sufficient to fall under the Permanent Establishment rules.
International taxation is punishingly complex. Inadvertent evasion is easy and mistakes expensive. If your company is only paying tax in Hong Kong but has offices or employees elsewhere, you need to contact a competent accountant now.