An Offshore Company is a registered business operating outside its venture’s jurisdiction. Most international entrepreneurs opt for offshore companies because of the different benefits they can offer to their company :
1. Simplified operations.
2. Reduction of taxes.
3. Protection of assets and accessible global banking transactions
4. Wider exposure of your business and a broader market.
5. More chances of tapping prospective clients.
Hong Kong is one of the renowned offshore locations alongside Singapore, BVI, Cayman Islands, and Seychelles. Setting up an offshore company in Asia’s World City means you can take advantage of the region’s :
1. Strategic Location — It is the most impressive factor for entrepreneurs to set up their business in the region. It gives them access to various exchange points, especially in Mainland China.
2. 2-Tier Tax Regime — Hong Kong has one of the lowest tax rates: 8.25% for every first HK$2 million profits & 16.5% for the outstanding profits. The region has no withholding tax, capital gains, business charges, and tax for imports.
3. Quick Company Formation — The region has direct and easy enrollment and joining measures for startup companies. The incorporation process usually takes 3 to 5 working days.
4. Easy Bank Account Opening — Most banks in Hong Kong are now opting for virtual banking, making it easier for foreign entrepreneurs to open their business accounts overseas. Bank accounts in HK are multi-currency and offer secure online banking for easy transactions.
Foreign entrepreneurs and investors find Hong Kong a great asset that helps companies grow and thrive in this city.
Learn more about Hong Kong and its business community here : https://asiabc.co/your-quick-guide-to-easy-company-setup-guaranteed-bank-account-in-hk/
And if you’re ready to take the leap of faith and build your future in Hong Kong, here’s how :
https://asiabc.co/services/company-registration/hk-with-fintech-account/
