Why Should You Company Incorporate in Hong Kong? Understand the Top 3 Benefits of Running Business in Hong Kong
Hong Kong, the fourth-most densely populated region in the world is one of the significant financial and trading centres. It is the 35th largest economy in the world. This is just because of its taxation policies and government regulations. Get to know the reasons why let your company incorporate in Hong Kong.
Reasons for Company Incorporate in Hong Kong
You have many reasons to get a company incorporate in Hong Kong:
The 35th largest economy in the world has minimum government intervention, low taxes, and a well-established market. The country is also popular for its exports, imports and the growing service sector. The destination is also popular among tourists, hence contributing to the country’s GDP.
Hong Kong has a well-developed transportation network. The majority of residents use public transports. The rail network handles a lot of traffic daily, yet is generally on time. Hong Kong International Airport, the 8th busiest airport handles more than 100 airlines. Apart from this, the ferry and tram networks have also evolved in the country.
The population in Hong Kong uses two languages-Cantonese, a variety of Chinese and English. Thus, it is easier for new people to communicate in the country, learn about their rules and regulations, culture and set up a business.
Business Entities of Hong Kong
At 3E Accounting Indonesia, we provide the best consultancy services to help you get the company incorporated in Hong Kong. We can also help you make the right decisions and choose the right business entity according to your business plan and funds. But before that, let’s have a look at various business entities present in Hong Kong:
- Limited Liability Company: It is one of the most common business types in Hong Kong. The owners have limited liability to the extent of their business assets. Hence, personal assets are safe, and business risks are less.
- Sole Proprietorship: It is suitable for people who want to invest a limited amount and operate on a small scale. However, such business owner has unlimited liability, i.e. owners’ personal as well as business assets can be used to pay off the debts.
- Partnership: It is a legal relationship between two or more people who enter into a contract and agree to share profit and losses. The responsibilities are divided among partners and the fund generated is higher.
- . Foreign Company Office: Any foreign company can register its own subsidiary or branch office in Hong Kong. This helps in the expansion of business in other countries.
Company Incorporate in Hong Kong requires you to follow a simple procedure. We at 3E Accounting will help you with all the legal requirements from documents to filling up of forms for successful.
Why Choose Us?
Our team of professionals will provide you with all the details regarding the structure of Hong Kong’s economy and the benefits of investing money there. We also study your business idea carefully to analyze what kind of business entity will suit you. Then, contact us for further details and we will happy to help you with getting a company incorporated in Hong Kong.