Hong Kong company incorporation boasts a number of advantages. Located in Eastern Asia on the borders of China and the South China Sea, Hong Kong is a prominent gateway to China. It is home to more than 330,000 small to middle-sized enterprises, which constitute 98% of the business sector. Enterprises can benefit a lot from setting up businesses in Hong Kong. The following are the major advantages of Hong Kong company incorporation.
1. Hong Kong is A Free Economy
For the last two decades, Hong Kong has been ranked as a free economy globally. The free trade policy implemented by Hong Kong is one of the biggest reasons why it’s the most liberal economic system. Furthermore, there are no trade barriers and no caps on foreign investments, offshore or onshore.
The city implements no tariff quotas or additional charges on import and export trade which is why the capital just keeps rising.
2. Simple Procedures for Business Set-up
Most of the other countries put forth tons of restrictions on foreigners interested in starting a business. China, on the other hand, welcomes foreigner investors and entrepreneurs to Hong Kong warmly.
Setting up a company in Hong Kong is easy while the registration process is quite straightforward. For instance, you can start a company in Hong Kong in less than two weeks. Furthermore, IP protection is not an issue due to the implementation of strict regulations.
3. Solid and Improved Infrastructure
Hong Kong is a global business hub largely due to its infrastructure facilities. Residents enjoy world-class services when it comes to transport facilities, whether it’s air or sea. The shipping, freight forwarding, and logistics services are top-notch.
Hong Kong’s solid infrastructure is made even more attractive by its ideal location. Located in the core of Asia-Pacific region, setting up shop in Hong Kong will always be a smart decision.
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4. Sound Legal System
Noted for its fairness and transparency, Hong Kong’s success is in large part due to the law and order system. The law is committed to protecting Intellectual Property Rights. Furthermore, the city has distinct regulations when it comes to trade and business, taxation, and employment.
5. Favorable Tax System
Taxes are the primary concern for investors and entrepreneurs and Hong Kong claims tax jurisdictions which are considered lowest in the world. Income tax starts at just 2% while corporate tax is fixed at 16.5% (8.25% for the first two million profits) of the profits for corporate while 15% for unincorporated enterprises.
Tannet’s Services in Hong Kong
Hong Kong Company Formation;
Hong Kong Bank Account Opening;
Hong Kong Company Secretarial Service;
Hong Kong Company Annual Return;
Hong Kong Company Accounting and Auditing;
Intellectual Property Services (trademark and patent);
Hong Kong Barcodes Application;
Hong Kong Warehouse Storage Service;
Hong Kong Ready-made Company;
Hong Kong Compant Deregistration.
Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.
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