Find the Best Company Formation in Hong Kong

Why Hong Kong company formation?

One of the worldâEUR(TM)s freest economies, the location of this tiny country is strategic, considering its close proximity with China. The banking facilities here are top class including internet banking with no control in foreign exchange. With no rigidity on any scope of business, the country offers a high class infrastructure and a steady flow of good quality manpower. The tax system is not difficult to handle, there is no VAT or capital gain tax and also a non Hong Kong tax exemption from source.

With minimal amount of red tape, corruptions and restrictions, it is ranked as the second best country in the world to initiate new company formation in Hong Kong.

English being the official language it is easier for the West to work here. You can get a bank credit very easily over here.

But the procedure is as tedious and complicated in Honk Kong as in any other country. You need to tie many loose ends to form a stable company. You are engaging in a new business to gain profits as owners but missing out on a very small component might end in total disaster. Therefore before registering a new company in Hong Kong off shore, exercise meticulous care.

Requirements:

A thorough knowledge about the business environment of the country is to be understood foremost. A business sense is required since some of the procedures are complicated and difficult to comprehend. A good professional help is recommended who can advice you soundly step by step and scathe you across the tiresome portions.

The corporate requirements are:

One director, one shareholder, one registered address and one company secretary is the minimum requirement. You need to file an annual return and the corporate tax is 16.5 %

You need to register your company with the names of the shareholders, directors and one local address. Once the registration formality is over, you will reap one gain after another as the legal procedures here are world class. You will be getting one client after another. A financial hub with a world class legal system with a very minimum amount of financial control from the government to spawn flexibility in fund transfers, Hong Kong is numero Uno.

You can set up a Hong Kong offshore company with as little as an identity card, three hundred and fifty US dollars and the registration form. Try and make as many professional contacts to enable client availability.