Get Clear Tax Benefits by Forming a Company in Hong Kong

Business people know the burden of paying taxes. This eats up their profit and they all want some way to get around it. The easiest way is to set up an offshore company for your business. This will help you not only with the tax problem but also in many other ways. 

Start by sending your application form

All you must do is to consult a Hongkong company formation firm. They will guide you and tell you what to do. The first thing you do is to contact them straight or online and fill in their application form. They will ask for a flat fee and once this is paid your application will be processed. This will in some cases be done in a matter of hours.

You can start transacting your business by evening if you submit your form in the morning. You get plenty of support from their side and fees is reasonable. Depending on the package you opt for, you get a variety of services. In the most basic package you get electronic copies of the Business Certificate and the Certificate of Incorporation along with the Registration at Companies Registry. 

 Choose small or big packages

For those who want more, they can opt for a bigger package. The difference in cost between the packages is only a couple of hundred dollars but the benefits are immense. So, most of the people will opt for the bigger packages. The next bigger package will include Original Formation documents and provisions for appointment of Company Secretary and Registered Office Address. 

Now, for your Hongkong company formation you can choose a bigger package. This will include in addition to those already mentioned for the lower packages, the guaranteed bank opening arrangements. So, you need not worry about opening a bank account for your business venture. 

Advantages of the HK offshore company

The advantages in opening an offshore business venture is numerous. One is the savings in tax. Other than this you get asset protection which is immense if you have many assets. In addition, you can increase the asset protection by opening an offshore bank account as mentioned above. 

Registrars of the offshore companies do not divulge the secrets of the owners and administrators to anyone. The activities of the directors and the shareholders remains a secret. This makes many owners and administrators to use the company to hide their business activities. By keeping the affairs and the operations a secret the businesses get an advantage over the competition. This is vital if you want to make profits in your business. 

Hong Kong has a solid legal system with a good reputation. This enables you to get plenty of international credit. Being the hub of financial dealings, Hong Kong has multiple channels for financing. The foreign currencies can be converted easily without restrictions and they can be traded and transferred freely. You do not have any binding on the business scope making it possible to conduct any form of business freely and easily. The simplified taxation system and low tax rates help the companies operate easily.

Few Steps to Choose the Honest and Reputable Firm in Hongkong

Hongkong has a stable economy with world-class infrastructure which helps to set up a company easily and quickly here. If you know about Hongkong rules and regulation then Hongkong Company formation is not a lengthy process. But if you don’t know about their rules and the procedure then it is not that much easy. This process can be easy if you hire a firm for that. There are numerous firms who facilitates with opening a company they can take care of everything from start to the end. It is most important to hire the best and reputed firm who make this entire process easier and reliable.

If you are searching on Google then you will find a number of firms which helps you for Hongkong Company Formation. While some are honest firms and other is fraud firms. Sometimes, this happens when you do not know the process than many fraud companies take advantage for that. They charge high prices but do nothing so; you have to aware of this type of fraud firms. There are the certain steps which you help you to find the honest firm. Here are the few tips which help you to find the reputed firms while choosing Hongkong company formation which include:-

1. Firstly, you have to check the firm’s website properly. Simply just Google it out and search for an agency you will find the best services provider after that you have to check that is their website make properly. If you understand their services clearly then it is good for you. You also have to check the language is the firms have well in English language or not. It is also important that they provide a physical address and office phone number of the Hongkong company formation firm.

    2. Secondly, you must have more information about firms because it helps to find the honest firm easily. Let suppose, you search in Google for The firm then you have to check that someone is not complaining about the company in a forum, blog, and website. If you get more information about the firm and their services in the website then it is the good and honest firm. Fraud Company did not mention any detail regarding the company.

3. After you check the website professionalism and also did not find any complaints regarding their services then the last step is to contact the firm.  If you contact the firm in office hours for Hongkong company formation then you must check whether they pick the call or not. English is the universal language which is used in everywhere. All the documentation is done in the English language So, It is also important that they speak a decent English language. If they are using Pay Pal or wire transfer for collecting money. If they are using this then they are the honest firm. 

These are the three main steps which you can also keep in mind while choosing honest Hongkong Company formation firms. We at Stephen, provide the best and reliable facilities to the clients which are mentioned in above.