So, the only reason why you incorporated in the US is because it is required from a funding PoV, right? Aside from that, I can't really see any reason why you would want to run things through a high tax US entity, in comparison to the sweet deal you're getting in HK (tax wise).
It's a tradeoff. If I had a lifestyle trading business, the corporate tax rate in HK is 0% (17% for revenue derived in HK, 0% for non-local revenue).
On the other hand, funding in this part of the world is pretty depressing. I have a collection of term sheets we keep to remind ourselves how bad it could've been. Personal liability, right to veto future investments, majority board control... you name it.
So we're trading higher taxes + crazy amounts of compliance, for a more managed and predictable funding process in the long run.
