Although starting a small company in Hong Kong can be a little bit complicated, it can be done through various techniques. Companies can simply hire Hong Kong audit arrangement services in order to complete foreign assignments. The city government of Hong Kong also offers several advices for those who will want to start their own business or company. Investing on a business is safer due to the fact that the city government is protecting the rights of business owners. Since the city government is protecting the rights of business owners, entrepreneurs will not lose their unnecessary money and they will be able to safe guard their investments.
The answer depends. The set up of a business in Hong Kong is extremely foreign entity friendly. You can set up and maintain some business entities without actually being in Hong Kong. However there are instances wherein you might consider personally going to Hong Kong, instead of letting a resident agent handle things. A good option is to get the services of a business center in Hong Kong.
For example, depending on the bank and the account type you want to open, personally talking to the bank manager maybe best. This speeds up some processes and clears up a lot of nagging questions. There may also be the reality that you do not want an agent knowing too much of your bank or financial records.
Hong Kong accounting firms have also their own specialties. Some cater to specific business types while some cater to more services than others. Some also provide periodic services only while some service clients all year round. If you are an expat, you need to bring your business entity when you seek to hire a Hong Kong accounting firm. One primary consideration is the breath of services that a Hong Kong accounting firm offers. This ensures that you will not have your accounting needs scattered to different firms. It would also prove easier to get in touch with a single accounting firm when it comes to tax form preparations.
Renting out a serviced office in Hong Kong is an idea that appeals to a lot of business executives. This is not surprising though as there are a lot of benefits and conveniences that a serviced office has to offer.
One of such conveniences is having boardrooms. You can have boardrooms with complete meeting facilities and a prime location. More than that, these venues have great areas for meeting with and hosting your visitors.
With your serviced office, you can have these boardrooms for short meetings or you can have them the whole day. Plus, you can book them conveniently.
When looking for company registration services in Hong Kong, you have to take into consideration a number of important things. This is because there are requirements that you need to meet before you are allow to fully register your new company. For example, you need legal assistance from one of the attorneys in order to ensure that there will be no legal problems in the process. You therefore need to select an attorney who has the qualities that you need and who knows how to do the work well.
If you do not have the time to register the new business on your own, you may want to hire agents such as a reliable business centre to do it on your behalf. Indeed, there are many good agents that can be found in this wonderful city. All that you need to do is to identify the specific one who can do the work without exposing you to any inconveniences.
One thing that will help you convince the Hong Kong Immigration Department to grant you a working visa is to run your business in their city is to prove how your business is valuable to their economy. You will have to show them how your business can sustain its profitability to advance their country’s own economic growth and development.
To increase chances of approval of your working visa, it helps that you show the Immigration how your business can generate jobs for their local residents, or how it can help increase profitability of local businesses in the city. You also need to bring with you your business plan and your business registration when you apply for your working visa.
Basically, company registration is the same as company formation. Company registration refers to the process of registering a business or a company for it to be considered a separate entity in the law. In each country, there are different set of laws on how company registration works. Despite the legalities it may present, it generally goes through a simple process in which it is processed electronically. The formation of the company can even be finished just a few hours later just as long as all the documents have been submitted. If one is apprehensive in going through this process, there are available company formation agents that can aid you to make the whole process easier and stress free.
Company formation Hong Kong is highly helpful for doing an international business in a tax-effective way. If you register a company in Hong Kong, you will get an excellent way to promote your business to customers, venture capitalists, investors, suppliers, banks, and governments. Hong Kong is following a highly reputable and regulated international trading jurisdiction. It enjoys 12th place in least corrupt place in the world.
Company formation Hong Kong means you need to pay the lowest corporate tax. The personal income tax rate is also very low in Hong Kong. This is helpful for you to attract lots of capital investments and talents. If you win to run your company in a structured way, you can enjoy legal tax exemption for the profits you sourced from outside Hong Kong.
The economy of Hong Kong is highly competitive and it is considered as the freest economy in the world. So, you can enjoy more freedom in your business, labor, financial, investments, monetary, and trade markets. Company formation Hong Kong is beneficial for foreign investors to set up their regional or global headquarters and it is an excellent way to enter in China if you are concentrating on Chinese market.