Today, the majority of the business investors or entrepreneurs are choosing to set up their business overseas especially in Hong Kong because it offers tremendous features to the outside businessman. Having a free and stable economy, well-developed infrastructure, effective tax structure and much more attracts entrepreneur to establish a company here. As we know, people are running to pay the taxes and Hong Kong offers effective and efficient tax structure. Hong Kong is known for best cities for company formation and incorporation. Let discuss the several advantages which help to motivate the entrepreneur for Hong Kong company formation:-
- Strategic Locations:-
Hong Kong is strategically located in the heart of the China and Asian Market. It helps for growth and expansion of business globally. Locations vary a lot because the strategic location is not right then you cannot run your business effectively and efficiently. Hong Kong is the doorway to the Chinese market. If you run business in Hong Kong and after that, you want to do business in China also then you can easily do it.
Tax Regime is one of the attractive advantages for the foreign business investors and entrepreneur for Hong Kong Company Incorporation. The majority of business investors are running to pay the taxes and if the Hong Kong government provide them an effective tax regime then why they are not doing business here. The investor is liable to pay 16.5% tax on inside revenue and if the investor is generating the revenue from outside the country then he is liable to pay 0% tax on that revenue. There is no sales tax and any other tax.
Ease of Doing business:-
Hong Kong has a liberal or free economy that is the reason of doing business here. You can open your company in just two weeks. There is no restriction in the inward and outward profit generation, no foreign currency exchange, and no foreign ownership. It is noted for its world-class infrastructure facilities and business premises are easily accessible for company formation Hong Kong. Intellectual Property protection is taken seriously, with strict regulations in place.
Productive Work Force:-
Hong Kong contains a highly well-educated, trained, and skilled workforce. The workforce comprises of a neighborhood ability pool of experienced and entrepreneurial experts who are known to be particularly knowledgeable about the business culture in the quickly developing Mainland cities.
If you want to start a business in overseas then Hong Kong is the ideal choice for Hong Kong Company Formation or Incorporation. Refer to Stephen M.S. Lai & Co CPA Limited provide world-class facilities and easily setup your company in few weeks.