Top 5 Benefits of Business Registration in Hong Kong
Posted by Flexkin on September 25th, 2013
Hong Kong is an all-embracing city with leading-edge technology, and the gratuitous harbor for trading in the world. It is considered as an acclaimed business hub, preeminently when it comes to financial markets. It provides avant-grade business situations for businessmen and entrepreneurs.
It is to be noted that a Hong Kong company name has to end with the word "limited". Apart from this, a Business registration certificate is extremely crucial for incorporating almost any business in Hong Kong.
Hong Kong is considered as the third biggest financial ports in the world. Companies can make the most of an excellent transport system, sound legal system, no exchange control, +and an efficient communication network. Hong Kong is acknowledged as the freest economy in the world. The benefits to set up Hong Kong Company are as follows:
Here are the top 5 advantages of Hong Kong company registration:
1. Social and Political Environment
Hong Kong is contemplated as an exceedingly competent business centre and the 2nd most economically sound countries in the world. It provides balanced economic and political environment along with excellent legal system. Since Hong Kong has renowned international status, organizations can make the most of all the facilities offered by the country.
2. Location
Hong Kong is in proximity to China; this helps the venture capitalists capture the Mainland China market. It takes only an hour to reach the world’s esteemed manufacturing region, the Pearl River Delta from Hong Kong. Statistics show that this region produces 30% of China’s exports. Hong Kong is geographically located in the centre of Asia, and therefore, can provide some excellent links to intercontinental markets. Thus, business registration in Hong Kong is very beneficial.
3. Infrastructure
Hong Kong is unquestionably one of the most putative and advanced cities in the world. It has accomplished infrastructure such as IT, telecommunication, transportation, and utilities. It adequately uses the top-notch international airport with estimable systemization facilities making it one of the most favored business hubs.
4. Policy and Taxes
Hong Kong offers simple tax system and hence companies incorporated here have a great advantage because of the same. Hong Kong is unquestionably an international tax haven.
5. Company Registration Requirements
Company registration process in Hong Kong is extremely simple and elementary. It is considered as one of the best locations for international investors who can make the most of outstanding tax benefits in a prospering Chinese economy.
About The Author:
Andy Chong is a practicing certified public accountant in Hong Kong and has over 15 years of experience in auditing, accounting and taxation. He graduated from The Hong Kong Polytechnic University with a bachelor degree in accountancy. Mr. Chong starts his professional career at Deloitte Touche Tohmatsu in 1998 and has been worked in different listed companies in Hong Kong. Mr. Chong is a practicing certified public accountant in Hong Kong, a fellow member of the Hong Kong Institute of Certified Public Accountants, a fellow member of the Association of Chartered Certified Accountants, a Certified Tax Advisor of Hong Kong and a fellow member of Taxation Institute of Hong Kong. He is currently the partner of a certified public accountants firm in Hong Kong.
