Hong Kong’s excellent business foundation convinced investors of the region’s stability, making it one of Asia’s most popular business hubs and one of the best places in the world to start a firm.
Hong Kong’s excellent business foundation convinced investors of the region’s stability, making it one of Asia’s most popular business hubs and one of the best places in the world to start a firm.
We’ve compiled a list of the benefits that Hong Kong has to offer to businesses and entrepreneurs from all over the world who wants to register company Hong Kong.
- 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.
- Hong Kong has a two-tier tax system, with 8.25 percent for the first HK$2 million in profits and 16.5 percent for the remaining income. 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 banks in Hong Kong, making it easier for foreign entrepreneurs to open a business account in another country. Hong Kong Bank accounts are multi-currency and allow for safe online banking for quick transactions.
These qualities are viewed by foreign entrepreneurs and investors as Hong Kong’s greatest advantage, as they aid in the growth of businesses in the city.
