Building a Business in Hong Kong

Building a business in Hong Kong is an ideal way for entrepreneurs to enter the local Hong Kong economy, which is consistently voted the world's freest. The following information will enable an international entrepreneur to make an informed decision on whether building a company in Hong Kong is the optimum global strategy to achieve their corporate goals:
1.	Building a corporation in Hong Kong is easy. In the World Bank's 2010 Doing Business Survey, Hong Kong is ranked the world's third easiest place in the world to do business, based on factors including company formation procedures, time, cost and minimum capital required.
2.	Building a business in Hong Kong is a secure long-term strategy. Hong Kong’s high standards of customer information confidentiality will be maintained while committing to the international standards set by the Organisation for Economic Cooperation and Development (OECD) standards. International entrepreneurs building a business in Hong Kong are confident of their business’s information security.
3.	The 2009 Index of Economic Freedom by the US-based Heritage Foundation rates Hong Kong as the world's freest economy. Entrepreneurs building a business in Hong Kong benefit from trade, fiscal and labour freedom, low levels of corruption and open investment policies.
4.	Low rates of corporation tax are attractive for investors building a company in Hong Kong. If properly-structured, international entrepreneurs can legitimately conduct tax-exempt global trade, provided revenue is not sourced in or remitted into Hong Kong.
5.	As well as Hong Kong's beneficial tax rules, building a company in Hong Kong projects an excellent image to your portrays an excellent image to clients and suppliers around the world. Healy Consultants' Hong Kong tax planning services experts can provide more information on this aspect of building a business in Hong Kong.
6.	Due to its location, entrepreneurs building a company in Hong Kong benefit from unrivalled access to China as well as an excellent base from which to penetrate regional markets such as Singapore, Thailand and Korea. When building a corporation in Hong Kong, many of our clients choose a Hong Kong virtual office to support their regional operations.
7.	Clients building a business in Hong Kong can avail of the best corporate banking facilities in Asia. Visit our Hong Kong Offshore Banking page for more information.
Healy Consultants minimises any inconvenience involved in building a business in Hong Kong by adopting a professional, logical approach to all steps and procedures, which typically evolve as follows:
1.	Our client settles our fees and signs Healy Consultants' engagement letter.
2.	Healy Consultants provides our client with a detailed plan for building a corporation in Hong Kong, outlining a roadmap for the upcoming engagement. This minimises unwanted surprises and meets client expectations.
3.	Prior to building a business in Hong Kong, Healy Consultants compliance team receives the required corporate and personal due diligence information from our client.
4.	Before building a company in Hong Kong, our client confirms the Hong Kong corporate structure, including shareholders and directors and only then will Healy Consultants proceed with company incorporation.
5.	To support building a corporation in Hong Kong, Healy Consultants incorporation team performs a company name search with the Hong Kong Registrar of Companies and, if approved, the incorporation team will begin building a company in Hong Kong.
6.	Our client signs and returns the following document to us: Letter of Appointment of First Director, Declaration of Trust from the nominee shareholder (if a nominee shareholder is required), and Memorandum and Articles of Association; to complete building a corporation in Hong Kong.
7.	Healy Consultants incorporation team liaises with the Hong Kong Registrar of Companies to complete company incorporation.
8.	Healy Consultants’ incorporation team will email our client once we receive the Certificate of Incorporation from the Hong Kong Registrar of Companies.
9.	Healy Consultants incorporation team applies for the Business Registration Certificate and pays Hong Kong business registration fees/ levies, prior to building a business in Hong Kong.
10.	After building a company in Hong Kong, Healy Consultants compliance team prepares all post incorporation documents, including minutes of the first meeting, preparation of By Laws and assurance of initial Share Certificates.
11.	Upon receipt of the original client signed corporate documents, Healy Consultants couriers a company kit folder to our client containing the following corporate documents: Original copy of Certificate of Incorporation; an original bound copy of the Memorandum and Articles of Association; original share certificates and client feedback form.
12.	Healy Consultants opens a corporate bank account for our client, which includes world-class multi-currency Internet banking facilities. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
13.	If required, Healy Consultants provides our client with a local business address in the Hong Kong for invoicing purposes, together with telephone, fax and email to support building a corporation in Hong Kong.
14.	Healy Consultants assists our client with business website building, search engine advertising, as well as stationery and logo design.
15.	In order to support the building a company in Hong Kong, Healy Consultants assists our client to obtain corporate finance, trade finance and to open merchant accounts, if required.
Contact Us
For more information on building a business in Hong Kong, email email@healyconsultants.com or call us in Hong Kong at +(852) 8331 1911.
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Buy the Hong Kong chapter of Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com