The rising tide of business ventures to Hong Kong! Business owners scramble for Hong Kong market

Recently, the Financial Services and the Treasury Bureau announced in a post on social media platforms thatThe number of both local and non-local companies in Hong Kong reached a record highThe

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Hong Kong as a hotbed for business

Enterprises scrambling to move in

On May 18, the Financial Services and the Treasury Bureau made an official announcement via social media platforms:

As of April this year.savory or appetizingThe number of local companies in Hong Kong has exceeded 1.43 millionat the same timesavory or appetizingThe number of non-local companies in Hong Kong has also reached 15,000., both at record highs.

In addition, the number of newly formed companies showed a steady increase, with approximately 12,000 new companies added each month, significantly outpacing the approximately 7,400 companies dissolved, resulting in sustained net growth.

Hong Kong is undoubtedly a vibrant, trustworthy and highly convenient business environment for many companies.

The FRC said that Hong Kong, as a long-established international financial center, has become one of the most competitive economies in the world with its excellent business environment that provides a constant stream of opportunities for the business sector.

Specifically, Hong Kong hasSound legal and financial regulatory frameworkupholdingSimple tax system and low tax ratespolicies that are closely linked to the rest of the world.

In addition, Hong Kong has an extensive network of professional and trade organizations, as well as a state-of-the-art technological infrastructure, which builds upBridging talent and business opportunities in the Mainland and the Asia-Pacific regionThe

As a result, more and more companies are choosing to register their companies in Hong Kong in order to pursue a wider range of business opportunities and expand their business territories.

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Advantages of registering a Hong Kong company

The number of Hong Kong company registrations has shown a sharp increase, this phenomenon is mainly due toA Hong Kong company has many advantages.

1. Wide range of business scope of Hong Kong companies

Hong Kong is known as the world's freest port for trade and commerce and, in principle, is not the only port in the world that has the highest degree of freedom of movement.No significant scope of business restrictions.

In Hong Kong, businesses canEngaged in various types of business(e.g. financial investment, healthcare, shipping, import/export trade, real estate, construction, decoration, information networks, textiles, tourism, colleges, culture and publishing, associations, research institutes, and high-tech industries).

2. Hong Kong companies have fewer tax items and lower taxes

Hong KongThe tax system is based on simplicity and lower tax ratesboth (... and...)Single tax typeKnown for.

For Hong Kong companies, they can apply for tax exemption if their source of income is outside Hong Kong.

The amount of tax a business is required to pay each year is limited toprofit taxOne item, the tax rate usually ranges from 8.251 TP3T to 16.51 TP3T.

If the enterprise does not carry out local business activities and does not make a profit, no tax is payable.

3. Freedom of trade/financial access

Hong Kong enjoys a high degree of freedom not only in the flow of people in and out of the territory, but also in the flow of goods in and out of the territory, as well as the flow of capital in and out of the territory.

This free body is nowHong Kong's lax foreign exchange controlsThe various types of foreign currencies can be exchanged and mobilized at any time, and there are no restrictions on the entry and exit of funds.

4. Building an international brand image

Hong Kong asglobal financial center (New York City)The company is extremely competitive and attractive.

Setting up a company here will not only helpEnhancement of corporate imageThe newest addition to the list is to make it even morereliabilityIt can also help companies with globalcityField Expansion.

In addition, registration of a Hong Kong company facilitates the application of international trademarks and barcodes, and provides convenience for the international flow of goods.

5. Simple registration and easy maintenance

To register a company in Hong Kong, you only need to provide the relevant information of the shareholders in Hong Kong to complete the registration process smoothly.

Hong Kong CompaniesThe maintenance process is quite easyThe annual audit and tax filing are conducted once a year, which is conducive to the sound operation of the company.

6. High credibility of Hong Kong companies

Hong Kong has an excellent reputation in the international business arena for itsWell-established legal system, well-developed financial marketsas well asEfficient government governanceIt provides strong support for the company's reputation and business expansion.

7. Flexible corporate structures

The Hong Kong Special Administrative Region upholds an open-door policy.Licensing global investors to set up all types of businesses.Such as private limited liability companies, public limited liability companies, branches, and joint ventures to cater to various business requirements.

8. Overseas financing and listing of companies

Hong Kong has a well-developed banking and financial system and a liberal financing environment.Relatively easy listing conditionsThe registration of a Hong Kong company is conducive to the development of overseas markets.

9. Processing of Hong Kong Identity

After registering a Hong Kong company, you can obtain your Hong Kong status by rehiring yourself according to the requirements of the "Admission Scheme for Mainland Talents and Professionals", while those who come to Hong Kong under the Hong Kong Talents and Professionals Scheme, such as the Hong Kong Talents and Professionals Scheme and the Advanced Training Scheme, can renew their visas as well.Self-employment renewal through a registered company.

Registering a Hong Kong company canHelping businesses gain more advantages and opportunities(math.) genusImproving the competitiveness and market position of enterprises.However, before registering a Hong Kong company, companies need to fully understand Hong Kong's legal, tax, business environment and other relevant information in order to better adapt and integrate into the Hong Kong market.

If you would like to know more about registering a Hong Kong company, please feel free to contact Timeless Group!