Suppose you are planning to expand your business. Establishing a company in a foreign country will be one of the options that are available to you. So, here are some key reasons why you should choose to register a company in Hong Kong.
Why incorporate in Hong Kong?
Recognised as one of the regional business hubs in Asia, Hong Kong has been identified as the world’s freest economy for more than 20 years. Located strategically in Southeast Asia, Hong Kong has excellent connectivity to all places around the world.
In order to promote foreign investment in the city, the Hong Kong government has undertaken numerous initiatives to prompt the growth of the economic sectors. For instance, the Low Red Tape and low tax rate, and it only takes 4 to 7 business days for company incorporation in Hong Kong.
What types of Hong Kong companies are available?
Before you decide to register a business in Hong Kong, you will first need to know what types of companies are available in Hong Kong.
Types of Hong Kong companies:
- Sole proprietorship
- Business partnership
- Public limited by shares company
- Private Limited by Shares Company
- Company Limited by Guarantee
- Branch Office
- Representative Office
What do you need to set up a company in Hong Kong?
Suppose you are planning to set up a Private Limited by Shares Company. In that case, you will need a minimum of 1 shareholder, a minimum of 1 individual director, a minimum of 1 local company secretary, a local registered address, and a minimum paid-up capital of HKD 1.00.
To help you understand how to incorporate a company in Hong Kong, we have prepared a simple infographic for your better understanding. You can always get in touch with our team anytime you need further assistance in getting your business hitting the ground running effectively and efficiently.
Accounting and tax services that are straightforward and easy
With HKCR, you can be confident that our skilled accountant will go above and beyond to ensure that the task is done correctly, allowing you to relax and focus on growing your company.