company registration hong kong

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Register Your Company in Hong Kong The city of
Hong Kong lies is Pacific are of Asia. It has
access to every major consumer and a free
economy. Today, Hong Kong tops the list of the
ideal business environment regions. In fact, it
is one of the less corrupt cities. Its GDP in the
year 2011 stood at 49300. One thing that makes
it stand among other cities is its unique
transport network, a good legal system and good
communication Channels. This infrastructure has
made Hong Kong as the most sought after city for
entrepreneurs. In addition to infrastructure,
the use of English language has attracted
investors who see it as a chance to start
businesses here. Here, the use of English in
common law means equality among people. The city
has a trained workforce making it attractive and
making business people want to start their
companies here. To those who want may be
interested in company registration hong kong, an
investor must have an open mind for business.
This open mindedness allows a person to
establish their businesses. Foreigners who wish
to show transparency in what they are doing need
to hire local consultants and executives who know
the market trends and process that help to have
a successful business.
Starters can hire the expertise of service
providers in Startupr.hk dealing in different
aspects of starting a company. Starting an
enterprise in this city is a way of improving
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your business and the citys economy. Many
companies operating here are private
entities. Features of Private limited firms The
taxation principle in Hong Kong is known as
territorial source Business will only pay tax to
the government if their earning is made within
Hong Kong Investors get a 100 tax-free if their
business activities are done outside the city.
Investors pay a net taxation of 16.5. This is
the lowest tax regime Investors dont pay other
taxation such as business tax, VAT and gain
taxes. The shareholders and directors do not
need to be residents of the city Hong Kong
companies can enter the Chinese market. These
businesses can also help to become
intermediaries when trading with China.
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Requirements A company registered in Hong Kong
is permitted by law to appoint a foreigner living
overseas as a director or shareholder Any
company needs to have one director and one
shareholder. However, one person can hold the
two positions Investors must have a minimum
share capital of 10000 Hong Kong dollars. It can
be paid later To incorporate a company, one
must have a local corporate secretary and a
registered office Every company registered in
the city must end with the texts limited. This
shows it is a limited liability. Company
Registration Service needs a bank account which
is easy to get. When opening the account,
sometimes the law requires that you meet face to
face with the bank representatives. But today,
the banks have developed an enormous network of
specialized relationships, therefore making face
to face meeting unnecessary. When you open a
business account, an investor is also able to get
added account features. The included features in
corporate account include low transacting fees,
debit and credit card, internet banking and
multi-currency accounts.