I. Prominent Business Location
It is probably the most compelling reason for entrepreneurs to establish their offshore company in Hong Kong because it is located in the heart of Asia. It provides them with easy access to various exchange points, particularly in Mainland China.
II. Simple Incorporation
Another factor that distinguishes the incorporation for entrepreneurs is how straightforward and simple the enrollment and joining procedures are. Company formation Hong Kong is very quick and you can already start your business in about 3 to 5 days.
III. Disputed Tax Regime
A low-tax collection system is one of the primary concerns of every business, which gives Hong Kong an advantage. The city has a business-friendly regional tax system (8.25 percent or 16.5 percent depending on assessable profits); foreign income generated by a company is not subject to charges. Furthermore, there is no profit or interest retention charge, no business charges, no capital additions expense, and no inheritance charge.
IV. Dynamic and Motivated Workforce
Hong Kong has a skilled and knowledgeable labor force that is versatile and well-informed about the industry culture.
