In the age of
Globalization, Hong Kong is the perfect place to start a business. Over a past
two decades, the majority of business investors start their business in both
locally or internationally. The government of Hong Kong supports the foreign
business investors to set up their business and provide 100% foreign ownership.
Having low tax system, well-developed infrastructure, and business-friendly
economy attracts them to form a business here. Hong Kong also has a perfect
doorway to the Chinese markets; if the investors have a trading business then
the Hong Kong is an ideal choice for them. You need a government help for Hong Kong Company
Formation. The entire process of company registration totally depends on your
choice of a form of business which you are planning to do. There is no need to
relocate in Hong Kong; if you have an internet business then you can open a
virtual office. In other words, you can operate your business from any country
across the world. You just need to appoint the Company Secretary who will take
care of your each and every thing in Hong Kong.Conditions to start a company in Hong Kong
- A company must have minimum one director of any nationality over the age of 18 years.
- A company requires only one shareholder over the age of 18 years of age with no restriction in Nationality.
- There must be one resident Company Secretary.
- Director and shareholder can act as a same but can act as a Company Secretary.
Due to its stable economy and effective & low tax system, it is easy to form a company in Hong Kong. You have to pay tax once in a year. If the Company generate profit inside the country then the company is liable to pay 16.5% tax on that profit. If the Company generate profit outside the country then the company is liable to pay 0% tax on that profit. There is no sales tax, no withholding tax, no value added tax or any other tax.
Do you want to know more about Hongkong Company Formation? We will happy to
help you with starting a company in Hong Kong.
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