There are so many reasons for our foreign clients to set up a company in Hong Kong to start / expand their businesses:-...
Requirements, Tailor-made Company, Shelf Company,...
Since 2010 Hong Kong has seen a huge demand in company registration. Thousands of international companies and brands have set up their offshore LLCs or local distribution chains in Hong Kong. Many foreign businesses have registered to open a company in Hong Kong.
Why choose Hong Kong?
This popularity of Hong Kong in the international market has been possible due to the recent changes in the economic and financial laws of the country. Hong Kong has introduced better provisions for companies all over the world in terms of higher profits and better financial returns.
Let's review some of those changes which have revolutionized the country's market presence in the world:
1. Service charges and tax cut offs have increased considerably, enabling companies to invest more in their offshore subsidiaries.
2. Better provisions have been allotted to online businesses who are looking to open a company in Hong Kong for their sales distribution.
3. Better infrastructure has attracted companies from all over the world - for improved investment opportunities and refined technological support.
4. Financial laws regarding company registration have been broadened to include any form of business, including the likes of private LLCs, offshore distribution models, etc.
Quick tips on how to start the process
Once a company appliesfor registration, it is effectively eligible for starting their own business in Hong Kong. Even though there are additional provisions required to open company in Hong Kong, most companies' applications do not reject once they are completely registered by the authorities.
Still, in order to avoid any sort ofunforeseen confusion, it is always recommended to follow the advice of any local professional assistance service. Find out more about these services at companies registry hong kong .
Mentioned below are some quick tips that will help out any company looking to get their business started in Hong Kong:
1. Opt for quick registration:
The actual process of registration takes a fairly long time to complete. So putting down an early application process is certainly going to help out in getting a quick response.
2. Go for all financial provisions:
It is unlikely to happen that a particular company acquires the eligibility for all sorts of financial provisions in the Hong Kong commercial laws. However, there is no restriction on applying for all provisions. It increases the chances of getting better deals out of them.
3. Company paperwork history recommended:
Before deciding to open company in Hong Kong,it is always better to prepare for it early. This canbe done by sorting out all forms of financial and corporate paperwork necessary for the process. This includes the ownership of the parent company, shareholder information, financial returns, etc.
4. Location selection:
This can be considered thelast step in setting up a company in Hong Kong. Location choice is very crucial as it depends on the type of company - distribution chains prefer open access locations which are ideal for accessing other parts of the South and East Asian markets.
All these factors come into play while deciding to open company in Hong Kong sooner or later during the entire process. Professional assistance is of great help to navigate these steps without making any mistakes.