Tuesday 28 November 2017

Why is Hong Kong the easiest location to set up a company?


Hong Kong is the close proximity to the China and Asia Pacific. It has developed into an international financial and business hub and is well served by Hong Kong banks and branches of international banks.  This city can be summarized as well-developed economy, effective and attractive tax regime, and top-class infrastructure, stable and free economy across the world.

Hong Kong is also well-known for best offshore company incorporation due to its attractive tax systems. This city has low tax jurisdiction which attracts foreign entrepreneur to set up their business here and make more profits. The minimum profit tax is 16.5% and salary tax is 15%. There is no tax is charged for outside generated profit. There is no sales tax, no withholding tax, no value added tax, nor any other tax in Hong Kong. 

Hong Kong is ranked as one of the easiest location to set up and do business across the world. As we know that has a liberal economy, therefore, doing business here is easier and reliable. Moreover, it provides 100% foreign ownership to the entrepreneurs. There is no special authorization is required from the government prior to a company incorporation.

You have to appoint minimum one director and one shareholder for offshore company incorporation. Both director and shareholder are above the age of 18 years and can be of any nationality. There is also one company Secretary is required that is of Hong Kong nationality. Secretary should know all the related work which can be easily done. 

If you have an internet business then you can open a virtual office, where you did not need to relocate your company to Hong Kong. If you have a laptop with internet facilities then you can easily formulate a company in without going anywhere. If you are new in Hong Kong and do not know the policies then you have to hire a firm who will guide you through the entire process. Offshore company incorporation is not an easy task but agency will make your process easier and reliable.

We at Stephen is one of the leading company that offers world-best services to the foreign business investors as well local; entrepreneur also. We will provide you the best and easy way for offshore company incorporation.