[g4k]

Hong Kong incorporation is easy and not expensive. Tax regulations are interesting, too.

You find a few more details here: http://www.guidemehongkong.com/

[rahimnathwani]

There is some info on this page about the various annual expenses for a Hong Kong company. These include at least (i) virtual office, (ii) accounts preparation and (iii) accounts audit. You could do (ii) yourself but you need to pay someone to do (i) and (iii), unless you live in Hong Kong and are a Hong Kong registered auditor.