Company registration Hong Kong.
At the moment, Hong Kong’s trading economy is very significant. Not only is it home to multinational companies, but also to local companies who are in operation throughout Asia. Many of the companies choose Hong Kong to be their entity. Particularly when it comes to trading activities throughout Asia. Many companies choose Hong Kong because it offers them many benefits for a range of services. All of these benefits are designed to assist with making setting up business in Hong Kong both convenient and simple.
Major benefits of registering companies in Hong Kong:
Political and social benefits.
When it comes to global business surveys, Hong Kong holds fantastic ratings. This is because Hong Kong is the second best country in the world when it comes to efficient economy. The economy and political atmosphere in Hong Kong is always stable. The government runs Hong Kong with independent legislation. This makes it very suitable and beneficial for companies when it comes to setting up business in Hong Kong. Hong Kong is also the best country for regional businesses who operate throughout Asia.
Hong Kong is located in China. This allows Hong Kong to gain access to China’s marketplaces. Particularly for foreign entrepreneurs. Hong Kong holds a major share of inward investment. China is Hong Kong’s largest buying and selling partners. When it comes to linking with worldwide marketplaces, those who work in the middle of Asia find Hong Kong the best place to come to.
The best infrastructure.
Hong Kong sits in very modern metropolitan areas. The country is known to have the best infrastructure. It has fantastic transportation, IT connectivity, and telecommunication services. The airport terminal logistic facilities are the best place for shipping cargo. This makes Hong Kong a very suitable country for worldwide business operations. This should be enough to convince new entrepreneurs to register their company in Hong Kong.
The straight-forward tax system.
Another major advantage of setting up business in Hong Kong is that companies can be legally tax except. Particularly if they are not getting income from Hong Kong, or if they have no local base there. 16.5 per cent of tax is the minimum private and corporate tax rate. This peaks at a low 15 per cent. Hong Kong is the third cheapest tax country throughout the world. Not only this, but businesses registered in Hong Kong will receive no capital gain tax. Nor will they get withholding or no return tax. They will also be exempt from VAT. Tax on payments from other countries may also be reduced. This is because Hong Kong has signed thirty four double tax treaties.
Ease of company registration
Company registration Hong Kong is relatively easy. The basic needs include:
– Confirmation of company title and structure.
– One shareholder.
– One company director and
– A Hong Kong resident company secretary.
The optional requirements are as follows:
– Access to employment visas.
– Establishment of a virtual office and
– Opening a corporate bank account in Hong Kong.
Those companies in Hong Kong who may be limited, can also be exempt from tax on income. Particularly when they are operating in other countries. The country of Hong Kong really is the ideal place to set up and register company headquarters and holding companies.