In Hong Kong, there is no restriction on foreign investment or on the transfer of capital and income in foreign currencies due to its stable and open economy around the world. Hong Kong is considered as a worldwide financial and market trading hub and also a doorway to the world most well-known market that is Chinese market in the Asia Pacific Region. The infrastructure is well-developed and provides world-class facilities to the foreign investors and entrepreneur. Profits from trading activities are not taking place in Hong Kong and when the profit is generated from the outside nation then the entrepreneur is liable to pay 0% profit tax on that profit, and if in case the profit generate from inside the nation then the entrepreneur is liable to pay 16.5% tax on that profit with no sales tax and any other tax. Hong Kong government support foreign investors to establish their business in their country. If the business requirement is to provide services in the various locations then Hong Kong Company Incorporation is the best choice for them. Hong Kong has its strong legal system, which is frequently chosen as an ideal location to hold intellectual property which is used in China and Pacific Areas. Hong Kong is an ideal location for establishing a business for foreign business investors. Due to its best benefits which attract them to do business here.
The major reason for choosing Hong Kong Company Incorporation:-
These are the following requirements while Hong Kong company Incorporation which is:
The company name must be approved by Registrar of the company. The business registration certificate is also required a business license, to run the business smoothly and comfortably. For this business license, you need to fulfill the certain requirements. Before making application for a business registration certificate, it must be issued by the Inland Revenue Department of Hong Kong. Firstly, it must be registered with the company registry and the application is made within 1 month of the date of the company incorporation certificate with the company registry. It should be submitted with a photocopy of the company incorporation certificate of registration in the overseas country.
Our ways of the process are simple and quick and divide into several sections.
It is important to have a full understanding of your options before deciding how to open a company in Hong Kong. Overall growth for your company in Hong Kong can be hampered by making the wrong choice, so please consider the following points when deciding the best structure for your needs.