Advantages of Hong Kong Company Incorporation

Hong Kong is considered an international financial hub around the world.  Hong Kong is a highly developed international city with the major free trade port, which is the reason that numerous business investors came to here to register a company here. That is to develop the businesses and also improve the company reputation.

The advantages of Hong Kong incorporation:

•  You can own a well-established and trusted legal system here
•  Business scope is not restricted
•  Enjoy a simple and effective tax regime 
•  You can choose the company name freely

One of the significant benefits of Hong Kong incorporation is that the company won't be seen as a tax avoidance vehicle, as Hong Kong is a major trading entity in its own specific right. There is no exchange control and capital gains tax. The essential law of Hong Kong ensures low taxes as well as free trade for a Hong Kong company.

By law, Hong Kong companies must have at least one director and one shareholder. The sole director can act as a shareholder. There is no statutory requirement that the directors and shareholder be Hong Kong residents. They can be individual persons or organization Company incorporation requires a registered Hong Kong office address and a Hong Kong resident individual who act as a Company secretary. We can provide a registered office address and secretary to comply with these statutory requirements for Hong Kong incorporation. These are the basic requirements which you need to fulfill while company incorporation. 

If you want to form a company in Hong Kong then contact us, we introduced as a Stephen is a Hong Kong based company and have many years of experience in offering world-class and professional services on Hong Kong Incorporation to corporate clients around the world.

How to Register a Company in Hong Kong?

When you commence a business in Hong Kong than a very first question which comes in a mind that “ Why Hong Kong Nation for establishing a business” and the answer is very simple because of its best and effective features which they are offering to the foreign investors, You can save more money and more control. All the countries in Asia, only Hong Kong are the ideal locations for setting up their business.You have full control over all the country and have 100 % foreign ownership. The governments support foreign business investors and an entrepreneur for company registration Hong Kong.  This nation is considered as Financial and business hubs which Have a stable & free economy, business-friendly environment, effective & low tax system, and world-class infrastructure that encourage investors to formulate their business and business in the well-developed country.  If you are choosing Hong Kong for Company Registration then you are smart enough to help your company into a successful path and grow or expand your business. It helps you to generate a lot of money here for yourself.

Simple Company Registration Hong Kong Procedure:-

·         The first and foremost thing which you need to decide that either you start a new company or buy a shelf company. If you want to start a company in few times then we at Stephen agency, arrange a ready-made company which starts in 24 hours because the procedure time is faster for the ready-made company. If you want to start a company in your own desired name then you can choose a new company formation option.

·         Once you have decided that which form of company you need to follow then register your company with Business Registrar office or Inland Revenue Department. It is essential to register your business after one month of receiving a Certificate of Incorporation. The Company Registration Hong Kong process requires some details which you must have to provide which include your name, passport details, nationality, and residential address. If you have a shareholder, then you have to mention the percentage of shares. It is needed to provide the information of every director of the company. 

·         The director and shareholder can be of any nationality, minimum one director is required and maximum unlimited. There is only one shareholder is required for company Registration Hong Kong. Only one Company Registration is required which must be of Hong Kong Nationality.  Director and shareholder can be the same but cannot be the same in the case of Company Secretary. 

For this process, you need to hire an agency that makes your process easier. There are several agencies in Hong Kong which help you to establish a company here. But it is important to choose the best that provide you effective and efficient quality services which are fruitful for Company Registration Hong Kong. We at Stephen offer these above-mentioned services at reasonable prices.

Know More about Hong Kong Company Incorporation

As we know Hong Kong is considered as a global business hub, which attracts entrepreneur to set up their business overseas. Hong Kong companies have several benefits which help investors for company incorporation here because of its tremendous features.  Hong Kong has a stable economy which is the reason for expanding their business in Hong Kong. There also provide a tax regime facility which is the most important for Hong Kong company incorporation process because every entrepreneur saves to pay taxes. Due to Hong Kong effective tax systems, many investors are expanding and running their business here. This allows all business investors to promote their business internationally.  There is no foreign exchange control in Hong Kong thus allows for easy exchange and transfer of foreign currency. Hong Kong is a desirable position for starting or expanding their business internationally.

There are the following steps for the Hong Kong company incorporation procedure.

ü      First of all, you need a company name which must be unique and should meet all requirements of the company.  The name must be different because two company names cannot be the same.  The agency will provide best possible name and you have to choose the best among all alternatives.

ü      The next step is to hire one director, one shareholder, and one resident Company Secretary. The shareholder and director can act as same but cannot act as Company Secretary.

ü     After appointing the members of the organization then you have to submit the related documents which include Article of Association (AOA), Memorandum of Association (MOA), And passport copy of both director and shareholder.

ü  When the document submission procedure is completed, after that you have to receive the Certificate of Incorporation which is submitted to the Inland Revenue Authority. 

These are the four easy steps which the agency will provide you to incorporate business overseas. Stephen M.S. Lai & Co. CPA Limited provides simple, reliable and affordable Hong Kong company incorporation services. You can hire our service which helps business investors to start and expand their business in an easier and fastest manner.

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The Importance of Availing Hong Kong Company Formation Services

Hong Kong is a major business destination in Asia that offers all the modern amenities that people living here can hope to have. Men and women living in Hong Kong enjoy a very high quality of lifestyle and this can be ascribed to the widespread development of business activities in this part of the world. Companies from various international territories prefer to set up their centers here in Hong Kong all the time due to the distinct facilities that are available here. Such factors have definitely enhanced the importance of Hong Kong as a major destination of business in Asia. 

Business firms that are operating in different parts of the world often feel stifled due to the high rates of taxes that are applied in those countries. Due to this reason, they are always in search of countries where they can set up offshore business centers. The main criterion of choosing a place for setting up an offshore business center is easier tax regulations. Hong Kong perfectly fits that prerequisite and therefore it is no surprise that business companies from all over the world come here to set up their own offshore business centers. 

Hong Kong not only boasts of having lenient tax regulations but the city-state also offers a great environment for carrying out business activities. It has a stable government that is friendly to the development of business interests and this naturally encourages companies to set up their operations in this part of the world. Another reason why Hong Kong is regarded with such great importance in terms of business is that it serves as the entry point for any enterprise that aims to expand its operations in the Chinese market. The Chinese market represents one of the most expensive markets in the world and having a business center here can turn out to be extremely profitable for any enterprise. 

Such factors have really made Hong Kong one of the most important business centers in Asia. To make the most of the facilities that Hong Kong has to offer, companies come and settle here in this part of the world all the time. It is such trends that have increased the demand for Hong Kong company formation services in this part of the world. Professional Hong Kong company formation experts can help an international business firm to settle down here within a short time and make sure that their process of company incorporation is managed without any errors or fuss.

A Hongkong company formation expert that has been in business for many years can provide the right kind of support to the international business firms when they are looking to set up their company here and get on with their regular business activities. With their help, business firms can focus on their core operations and stop worrying about the formalities associated with the company incorporation process. An experienced company formation expert can manage all the various steps associated with the process thus making sure that it is handled in a flawless manner.        

Setup Business in Hong Kong and Enjoy the Various Benefits of Their Jurisdiction

If you wish to set up your own company, it is important that you learn about the benefits of offshore companies. Offshore company refers to that which operates outside its country of registration. This is usually carried out by business people in order to exploit the benefits of a country’s legal systems. If the country has low tax rates or other financial benefits, starting an offshore company in that country can prove to be a successful step. Such an offshore company is also referred to as an international business company. This company is not liable to any kind of tax payment to its home jurisdiction that is the location where the company is physically situated.

Tax rate for Hong Kong offshore companies

Among countries that have flexible legal laws when it comes to business, Hong Kong is the most sought after country by business men. The offshore companies in hong kong enjoy excellent legal benefits when operated efficiently. This is because the British legal system is still followed by the country. The companies have to pay only 16.5% of net profit as profit tax. The company does not have to pay tax for the profit it makes outside the country of jurisdiction. Hong Kong does not incur tax exemption on income.

Benefits of Hong Kong jurisdiction

The company does not require a capital for its incorporation. The company can be owned by any foreign person who can act as the director. He can also be the principal shareholder of the company.  There is no obligation regarding employment of staff for the company to function. A bank account for the company can be opened at any part of the world and fund transfers can be carried out to and from Hong Kong without any restrictions. There is complete freedom given to the entrepreneurs in conducting their companies.

Steps to set up a new business

In order to Setup business in hong kong, the following must be done. You should first submit three possible choices for your company name. The name of your company should be either completely in English or in Chinese or can incorporate both English and Chinese. But the name cannot be in any other language. This should be followed by submission of an address of contact of the director and the principal shareholder. Note that they can be the same person also. Passport of the director and all the shareholders will be verified. The company should then submit a brief proposal explaining their scope of business. This will be followed by fee payment. The entire process can be carried out in no time.

About Company Registration Services and More

Right from the time the first brick of your business had been laid, you had dreamt of going “global”. Going global is not about expanding your business beyond national frontiers arbitrarily- just because – right now- you think you can do so. Going global entails a more prudent approach towards your goals. 

Adopting the Right Approach towards Setting up a Business in a foreign land

It is about realizing what the right avenues are and capitalizing on them. You just cannot go on to set up an establishment in a foreign country just because it is a technologically or commercially advanced nation. You have to figure out whether there is a point in setting up “your” business there or not- whether there’s a place for the kind of business you’re running at present or not.

Hong Kong, for instance, remains one of the most noted business centres around the globe. And, there are several reasons for the same. Thanks to their advanced technology and overall congenial business policies, businesses of diverse scales and nature have gone on to explore opportunities here.

However, setting up your company in a foreign land is tougher than you think. There are several factors to be kept in view. Read on to discover. 

The primary reason behind Hong Kong’s emergence at the global commercial forefront is its open market system – where little or no government intervention exists. Thanks to the freedom of operations existing here, the country’s competitive commercial environment is only getting better day by day.

Hiring Company Registration Services in Hong Kong

However, in order to make the most of the benefits offered by the country you need to set up your business there and for that you would require hk company registration services. Needless to say, you would want to outsource your registration needs because that takes a lot of burden off your shoulders. You know that there is a local company well-versed with the business laws of the country (i.e. Hong Kong) taking care of your regsitration needs. All the documentation needs are met successfully in order to ensure you a hassle-free run at a foreign land. 

It will ensure that the particular business license sought by you is issued to you without you having to run from pillar to post.

A Private Business License is issued by Companies registry of Hong Kong (operations unders Hong Kong Company Law). With this license the company is recognized with the following features:

     Ø  Private in Nature

     Ø  Legal Separate Entity

     Ø  Limited Liability

These companies are different from companies holding Public Business License. The debentures or shares here cannot be issued to the public. The number of sahreholders is limited to 50 and their shares cannot be transferred freely.

Companies with Pulic Business License has unlimited number of share and debenture holders and their shares can be transferred freely without restrictions.

Aging Businesses are those that have no third liability. Its annual records are with the Companies Registry of Hong Kong and Hong Kong Ireland Revenue Department.