Why create a company in Hong Kong? It is a renowned international financial center and gives you access to mainland China, so it is no surprise that entrepreneurs choose to establish a company there. The company registration process is simple and straightforward, and it offers many advantages. First of all, this jurisdiction is an ideal place to do business because of its strategic location and world-class infrastructure. In addition, companies registered in Hong Kong give you access to a vast pool of talent and resources. You will also have the opportunity to open a bank account in Hong Kong.
Finally, Hong Kong has a favorable tax regime that can help your company save money (no VAT, reduced taxation, etc.). Everything is in place to encourage you to establish yourself in this part of Asia, whether we are talking about the reduced corporate tax rate or the ease of opening a bank account.
Please note that the principle of territorial taxation applies, meaning that income is taxed only if it originates in Hong Kong. In other words, if you have no activity in the territory, there is no audit and no tax.
Keep in mind that the creation of a company in Hong Kong and its taxation therefore do not depend on a person's nationality, domicile, or residence.
Considered a tax haven, registering your company offers many advantages. Hong Kong's legal system is based on common law, and its tax regime is highly favorable to businesses (particularly regarding taxation and profits). By establishing itself in Hong Kong, your company will benefit from the city's world-class infrastructure and proximity to mainland China. Foreign exchange controls are also very flexible, making it easy to do business in Hong Kong. In addition, the last two decades have seen a boom in commercial activity in Hong Kong, making it an ideal place to establish your business.
Entrepreneur: How to create and maintain a company in Hong Kong?
To incorporate and maintain a company in Hong Kong, the first step is to go through the establishment phase. This includes choosing the right business structure and meeting all the necessary requirements. Once the company has been established, it is important to maintain it by following all required procedures and regulations. As your company secretary, our firm can assist you in opening a bank account.
You should know that Hong Kong's banking network is excellent, with major international banks and companies such as HSBC. All these banks offer internet banking solutions and multi-currency bank accounts for companies. It is also possible to open a bank account remotely without having to visit the banks in person.
Complete guide here: https://societehk.com/les-avantages-de-creer-votre-entreprise-a-hong-kong-2/
The different types of companies in the HK jurisdiction
When it comes to establishing companies based in Hong Kong, there are several types. Each meets the different needs of entrepreneurs and foreign investors. However, foreign investors generally choose three types of companies - limited liability companies, sole proprietorships, and partnerships - to establish businesses in Hong Kong.
In southeastern China, companies that are established are of the “Private Limited Company” type, which means a limited liability company.
That is why those who decide to establish a company in HK and have their headquarters or regional offices there will have the designation "Ltd" or "Limited" following their company's name.
Many people think that Hong Kong is an offshore jurisdiction, but Hong Kong is not an offshore jurisdiction. However, if you are considering establishing an offshore company in Hong Kong, you should know that this will not be possible. In this part of the People's Republic of China, registered companies will be “Private Limited Companies”, in other words, ordinary-law companies.
It is therefore not possible to establish an offshore company.
Activities for a company in Hong Kong
After assessing the benefits as a shareholder, your decision to create a company becomes a reality and your choice is Hong Kong! You will therefore need to establish a limited liability company and check the list of activities permitted in this special administrative region of the People's Republic of China.
All companies in Hong Kong must comply with the existing rules. To all shareholders, rest assured that many activities are possible for conducting business in Hong Kong.
For example, you can choose trading activities specializing in import-export, consulting, or even a holding company.
More information:
Learn more about the possible uses of a company.
Benefit from our firm's support in creating your company in Hong Kong
If you are still unsure about which service provider to choose, you should know that we specialize in establishing companies in Hong Kong and have been active in the market since 1998 (the year in which we registered our first company). With us, you are guaranteed that the structure of your business complies with the rules in force.
In addition to establishing companies in Hong Kong, we are authorized to act as your Company Secretary, as stipulated by Hong Kong law. We can also handle all the documents for your entity and support you in developing your business (opening an account, certificate of incorporation, etc.).
Our small, dedicated team consists of legal and accounting professionals who are at your service to ensure the success of your professional activities in Hong Kong and throughout the rest of the world.
Contact us at +971 52 820 0964 or send us an email:
support@merritt.group
