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.

Hong Kong is the Perfect Choice for Offshore Company Incorporation

Hong Kong does not have any particular law, which governs offshore company incorporation in Hong Kong. This is the most popular cities around the world for offshore company incorporation because of its world best advantages which include low and effective tax regime, their political & social stability, stable economy, foreign exchange control, and ease of doing business etc. Establishing an offshore company in Hong Kong is an ideal choice for conducting well-developed infrastructure, and world-class banking facilities, investment trade, and asset protection.

Benefits of Offshore Company Incorporation

EFFECTIVE TAX SYSTEM: - The reasons of the majority of business investors are incorporating a company in Hong Kong is just because of tax policy. If the government generates profit inside the Hong Kong so the minimum tax is 16.5% on that profit. If the company is generated profit outside the Hong Kong, then the 0% tax is charged on that profit. The sales tax, withholding tax, value added tax and other taxes don’t exist in Hong Kong.

EASE OF INCORPORATING COMPANY: - Hong Kong has a stable and liberal economy in the world; therefore, offshore company formation is an easy procedure. Hong Kong is ranked as the best place to do business here easily. Establishing a company in Hong Kong is reliable & reasonable and the government of Hong Kong supports foreign investors and offers them for 100 % foreign membership.

POLITICAL & ECONOMIC STABILITY:- Hong Kong is considered as the Special Administrative Authority of China, therefore, it is a politically stable economy.

TRUSTED REPUTATION: - Hong Kong is considered as a low tax haven and has good and trusted image in every field; therefore, offshore company incorporation in Hong Kong is the best choice. Hong Kong is only one jurisdiction that provides international tax information and exchange.

REQUIREMENT:-

There is minimum one director and unlimited maximum directors are required of any nationality. Directors should be over the age of 18 years.

There is only one shareholder is required in case of offshore company incorporation and there is no restriction in their nationality. The shareholder must be above the age of 18 years.

There is a requirement of Company Secretary of Hong Kong nationality. The secretary takes care of all things in Hong Kong.