Because of Hong Kong's prestigious commercial foundation, both entrepreneurs and investors acknowledge the region's stability, making it one of Asia's most popular business centres and one of the best places in the world to start a business.
We've compiled a list of the benefits Hong Kong Business Registration has to offer businesses from all over the world looking to expand their operations in Asia's World City:
Strategic Location - The most compelling reason for entrepreneurs to set up shop in the region is its strategic location. It allows them simple access to a variety of exchange sites, particularly on the Chinese mainland.
2-Tier Tax System – Hong Kong has one of the lowest tax rates in the world: 8.25 percent on the first HK$2 million in profits and 16.5 percent on the remainder. There are no withholding taxes, capital gains taxes, business levies, or import taxes in the region.
Quick Company Formation – For new businesses, the region offers direct and simple enrollment and joining procedures. In most cases, the incorporation process takes 3 to 5 days.
Easy Bank Account Opening — Virtual banking is currently used by most Hong Kong banks, making it easier for foreign entrepreneurs to open a business account in another country. Multi-currency bank accounts are available in Hong Kong, as well as secure internet banking for quick transactions.
Hong Kong is a tremendous asset for foreign entrepreneurs and investors who want to help their businesses flourish.
