Establishing a Business in Hong Kong

Establishing a business in Hong Kong is an excellent tax-efficient corporate vehicle through which international business can be conducted. The following information will help you determine if Hong Kong business formation is the optimum solution for your business:
1.	This option is not perceived as a tax avoidance mechanism in an offshore tax haven.
2.	Because of its regulated business environment and stable economy, business establishment in Hong Kong is a secure, long-term structure. The lack of corruption in Hong Kong (see figures here), also facilitates business formation.
3.	If properly structured, Hong Kong business establishment is a tax-exempt way of booking profits sourced outside Hong Kong (visit the Hong Kong Inland Revenue Department website). Avoiding double taxation is also made simple by Hong Kong having signed double taxation avoidance treaties with many trading partners, including Indonesia and Thailand.
4.	Because of the positive image of establishing a business in Hong Kong, it is an excellent structure to promote to investors and venture capitalists.
5.	Business establishment in Hong Kong is an excellent way to enter China, particularly when supported with a Hong Kong virtual office.
6.	Hong Kong business establishment is quick and easy. According to the World Bank's Doing Business 2010 Survey.
With the help of Healy Consultants, establishing a business in Hong Kong is a straightforward process. Our professional, transparent and logical approach ensures each Hong Kong business establishment process is as smooth as it can be. Typically the procedure is as follows:
1.	Our client settles our fees and signs Healy Consultants' engagement letter.
2.	Healy Consultants provides our client with a detailed Hong Kong business establishment plan, outlining a roadmap for the upcoming engagement. This minimises unwanted surprises and meets client expectations.
3.	Prior to establishing a business in Hong Kong, Healy Consultants compliance team receives the required corporate and personal due diligence information from our client.
4.	Before the business establishment 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 the Hong Kong business establishment, Healy Consultants incorporation team performs a business name search with Hong Kong Companies Registry. If the name is available, Healy Consultants begins business establishment in Hong Kong.
6.	Our client signs and returns the following documents to us to complete Hong Kong business establishment: 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.
7.	Healy Consultants receives a Certificate of Incorporation from the Hong Kong Companies Registry, which is forwarded to our client. Following this step, we apply for a Business Registration Certificate, required by every Hong Kong company.
8.	Following business establishment in Hong Kong, our staff prepare post-incorporation documents, including minutes of the first meeting, preparation of By Laws, assurance of initial share certificates, and these are forwarded to our client for signature and return to us.
9.	Upon receipt of original client signed corporate documents, Healy Consultants couriers a company kit folder to our client containing i) Certificate of Incorporation ii) bound copy of the Memorandum and Articles of Association iii) Share certificates; and iv) a client feedback form.
Contact Us
For more information on our capabilities, contact 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