There are many reasons as to why people love to open their companies in Hong Kong. The systems over here make it easier for you to initiate and complete processes such as HK company formation quite easily. You can also execute these processes without any problems whatsoever. This is one reason why – as per global trends – so many investors are heading to Hong Kong. The environment in Hong Kong – both from an administrative as well as an economic point of view – is ideal for setting up a new company. The infrastructural facilities in Hong Kong are also second to none and this helps a lot as well.
Facilities on offer:
The communication facilities that you get in Hong Kong are as modern as they can be. You can easily make the most of these aspects of this East Asian city in order to make sure that your business gets off to a good start. The fact that Hong Kong is not at all struggling from an economic standpoint will only make it that much easier for you. You will actually be able to start a business in Hong Kong in just a day and there are so many opportunities for doing business over here that you will always enjoy this city.
Legal and administrative benefits:
The legal system in Hong Kong is one of the best in the world and the same thing can be said of its administrative setup as well. This is the reason why it enjoys such a high reputation among financiers and investors artsandhealth.ie/zovirax/ across the world. This means that as and when you wish to start a company over here you should have no problem in securing the initial finance should you need it. Hong Kong also has a foreign exchange policy that is really beneficial for companies.
This means that you can trade in any globally accepted currency over here without any problem whatsoever. So, if you are an investor from outside Hong Kong just imagine how easy it would be to do business over here. Hong Kong has a flat tax rate of 16.5 percent that is applied on profits. You need to announce your profits for the whole year only once and the tax is levied at that point of time. The organizational structure over here is pretty good as well. It is really simple.
Ways to start a company in Hong Kong:
All you need to start a company in Hong Kong is one person – yes even a single individual is sufficient. You need to be willing to invest in a certain venture and when you start a company you can appoint yourself the director of the same. You may or may not be a resident or a citizen of Hong Kong. However, you need one legal secretary – it could be an individual or even a company – but that entity at least needs to be a resident. You should also have a local address that will be used as the registered address for the authorities to get in touch with you.