Top 5 Key Benefits Of Registering A Company In Hong KongPosted by Slot Christensen on June 24th, 2021 
Hong Kong is considered one of the best cities to establish and run a business, as it scores high on factors that matter to businesses. Strategically located in the heart of Asia, Hong Kong is famous for being a uniquely global business city and a financial hub for business entities. As a result, many business owners and investors choose to register company in Hong Kong.
A productive workplace, strategic location, world-class infrastructure, stable economy, attractive tax regime, an effective legal system, pro-business environment, political environment, and an effective legal system continue to contribute to its success.
Besides all these primary benefits, Hong Kong is a prestigious business location. Therefore, it offers plenty of advantages for those looking to or already own a company in China.
Here are some top benefits to
register company in Hong Kong .
1. An International Junction
The first and foremost benefit of registering a company in Hong Kong is to facilitate entry into mainland China. Being located in the core of Asia and its proximity to the mainland makes Hong Kong the ideal connecting point between the West and East. The reliable environment for western investors and strong economic ties with ASEAN countries makes Hong Kong a spot for all aspiring and successful entrepreneurs worldwide.
2. Location
Strategically located near China, Hong Kong plays a vital role in accessing the Mainland China market for many foreign entrepreneurs. It is only one hour's drive from the world's largest manufacturing area, the Pearl River Delta, which produces 30% of China's exports. As a result, Hong Kong estimates a large share of inward investment to Mainland China, and China is the biggest trading partner for Hong Kong. In addition, the country's reputation as a global economic powerhouse attracts Chinese businesses for primary and secondary listings to reach Asia markets.
3. Infrastructure
Hong Kong is one of the most advanced cities in the world. It is well equipped in terms of infrastructure such as telecommunications, transportation, IT connectivity, and utilities. In addition, connecting the world-class international airport with adequate logistics facilities such as the cargo airport and shipping container port makes Hong Kong attractive for international business that relies on efficient human personnel and goods worldwide.
4. Policy and Taxes
Companies that incorporate in HK also benefit from its low and simple tax system. With a corporate tax charge of 16.5% (maximum) and personal income tax rising at 15%, the country has the 3rd lowest tax misery in the world, as ranked by Forbes' Tax Misery Index. In addition, registering a company in Hong Kong also benefits from having no sales tax or VAT, no withholding tax, capital gains tax, or dividends tax. Ultimately, despite providing such significant tax benefits, Hong Kong is not regarded as an international tax haven.
5. Company Registration Requirements
A company Registration in the Hong Kong process is relatively straightforward. The main requirements for Register company in hong kong are: - confirming the name of the company and corporate structure - confirm the details to match the HK company law requirements, which include: i) at least one company director (doesn't need to be resident in HK), a Hong Kong resident company secretary (secretary and director cannot be the same person), a minimum issued capital requirement of HK. - Register the company - Operational requirements such as opening a Hong Kong corporate bank account, setting up an office (a virtual office is an option), securing work visas, etc.
Hong Kong is an excellent location for foreign entrepreneurs to register their company. Besides profiting from the geographic location to the booming China economy and an efficient tax system, Hong Kong is a diverse multicultural environment that is effective for international business and exciting as a place to live.
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