Professional China company formation

Posted by vilybily on February 25th, 2015

Starting up a company nowadays is not that easy, especially if we want to do it in a country different from ours. Special regulations need to be followed regarding taxation and payroll. In order to make sure that we’re not making any mistakes or misinterpretations we will need the help of someone that knows the legislation well. While we could hire specialized personal to work in our firm and deal with these issues, there is always the possibility of outsourcing, getting the help of someone specialized in Hong Kong company formation and payroll solutions.

There are a few things that we should consider before starting a Hong Kong company formation. The first question that we should ask ourselves is why in the world would we want to start a business in China? After all, the market there is already pretty convoluted with many companies from around the world already present there. The easiest answer to this question is also the simplest one: since there are many companies from around the world already present there it must mean that it’s a good business opportunity. Nobody would go and setup camp somewhere if it wasn’t a good place to do so. Indeed, many companies are thriving there, and there is simply no reason for which we shouldn’t try to do the same. However, it’s not going to be all roses and peaches from the beginning. We will need the help of translators in order to deal with the China company formation documentation.

One of the most important aspects that set apart China as an opportunity to start a business from the rest of the world is certainly the population it has. Currently there are around 1.3 billion people living in China and this means that when it comes to hiring people to work in our company, we’ll have plenty to choose from. Furthermore, we’ll find that the employee salary will be much lower than in most countries, and this will enable us to have more financial stability from the start. The setback so far is the language barrier, one which is not going to be easy to adapt to by ourselves. However, with the right kind of help, China company formation is a sound business opportunity. There are many companies that seek to offer their help to those interested in Hong Kong company formation, including official state agencies like the British business council.

One of the advantages of choosing China company formation is that there are certain tax breaks that we can benefit from. This is something that we should read up about, as it can save our company quite a bit of money in the first few years. If we choose to get into one of the Investment Zones (IZ), then we’ll benefit from certain tax breaks, depending on the sector. These can range from a cutting by half of the income tax, from thirty percent to fifteen percent, to a complete tax exemption for a two year period, followed by a reduction in tax for the next three years after that. Between this and the reduced costs with the employees choosing a Hong Kong company formation plan will be a great way to kick start a business.

Are you looking for help with a China company formation? Benefit from the best services when it comes to human resources and Hong Kong company formation by working with a professional company.


vilybily

About the Author

vilybily
Joined: November 18th, 2014
Articles Posted: 71

HOTBIT Crypto Exchange
Hotbit is one of the professional digital asset exchange platforms that provide trading services among major digital currencies like Bitcoin, Litecoin and Ethereum for users from all over the world.
Earn HNT Tokens with a Helium Hotspot!
Pre-Order a Helium hotspot and earn HNT tokens that are redeemable for USD. Set it and forget it!
Lolli: Earn Free Bitcoin When You Shop Online!
Lolli is a rewards application that gives you bitcoin for shopping at your favorite online stores.
Fold - Earn free bitcoin when you shop
Earn bitcoin cashback rewards when you shop at top retailers, including Amazon, Uber, Starbucks, Chipotle, and more. Download the app, sync your payment method and start earning bitcoin today!
CryptoTab Browser - Easy way for Bitcoin Mining | CryptoTab Browser
CryptoTab Browser is the world's first web browser with built-in mining features. Familiar Chrome user interface is perfectly combined with extremely fast mining speed. Mine and browse at the same time!
FREE Android & iOS App - Get Paid to Explore!
The COIN app is a revolutionary new app that pays you to explore the world! Download it today and start earning while you are on the go!