companies house hong kong

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As a global hub with profuse amounts of
information and prospects, sole proprietorship
Hong Kong formation gives unparalleled access to
a consumer market that is anticipated to exceed
450 million people in southern China alone. With
first-rate infrastructure and a comprehensive
legal system of its own, it offers an
interestingly viable financial commercial
milieu to numerous entrepreneurs, businessmen,
and traders. Consequently, Hong Kong is
currently one of the most popular areas that
offer international entrepreneurs the
opportunity to make a way into Chinese markets,
with many people increasingly establishing their
own businesses in Hong Kong with different
purposes. The whole idea is that it not only
enhances the image of the company itself, but
also ensures that there is increasing competitive
proficiency in the global marketplace. The
information below will assist you in figuring out
if Hong Kong company formation is the most
favorable approach through which to accomplish
this.

• We know there are many causes and conditions that
  are responsible for the success of any business.
  Hong Kong is believed to be one of the finest
  cities to launch and operate a business, as it
  scores high on factors that matter to
  businesses. Below are some of the key advantages
  of starting a sole proprietorship Hong Kong and
  will offer you with some of the important answers
  as to whether Hong Kong company formation is the
  most advantageous approach for a business.
• Being an international hub of information
  exchange and a major transportation center, Hong
  Kong is the crucial point of all nautical
  activities in southern China. It is one of the
  most important seaports globally, especially
  with regards tonnage of shipping using its
  amenities, cargo managed and the number of
  commuters transported.
• Worlds most energetic market driven by the
  principle of free enterprise, free trade and free
  markets open to everyone. No constraint on
  inward bound and outward investment, no foreign
  exchange controls and no foreign ownership
  limitations.
• Tactically situated extremely close to China.
  Air, rail, road and sea links are contemporary
  and efficient and provide unparalleled entrance
  to Chinas flourishing southern provinces for
  countless foreign entrepreneurs.
• 5. With very low tax rate (around 16.5 on net
  profit), and no tax liability for income not
  earned in Hong Kong (offshore income)

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1. With strong infrastructure, securely established
   social and political background, most businesses
   opt to found business undertakings in Hong Kong
   as it considered to be politically steady with a
   pro-business attitude and free market
   ideologies.
2. Benefit from smooth and convenient international
   banking system. A number of banks take into
   account the interest of 32 foreign countries. The
   Hong Kong banking and financial services is
   handled by the Hong Kong Monetary Authority
   (HKMA). The features and advantage of availing of
   Hong Kong for private banking, bank accounts,
   corporations and offshore asset protection are
   widespread.

• Sole proprietorship Hong Kong Formation procedure
  is a reasonably uncomplicated and smooth
  process. The main requirements are
• At least one company director/shareholder and a
  Hong Kong resident company secretary (above the
  age of 18) are mandatory.
• Confirmation regarding the company name and
  corporate structure
• A smallest issued capital prerequisite of HKD
  10,000 and paid-up capital requirement is
  amounting to only the sum of one dollar.
• There is almost no constraint in the field of
  business scope when you found a Hong Kong
  company.
• Business requirements, like opening a Hong Kong
  corporate bank account, establishing an office
  (virtual office is also an alternative).

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