Setting Up A Company In Hong Kong |
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Setting up a company in Hong Kong is straightforward with Healy Consultants thanks to our transparent and logical engagement procedures. It is an excellent way for international entrepreneurs to tap the opportunities offered by the vibrant Hong Kong and Chinese economies. The following information will help you determine whether setting up your business in Hong Kong is an optimum strategy. Further information can also be found in our Hong Kong Company Registration Guide. |
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| 1. | The Ease of Setting Up a Company in Hong Kong - this is recognised by the World Bank's Doing Business Survey which recognises Hong Kong as the second easiest place to start a business. Hong Kong's ranks 12th in the 2011 Corruption Perception Index by Transparency International and its lack of corruption allows companies to set up without worrying about false fines and other 'fees'. |
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| 2. | Economic Freedom - According to the 2011 Index of Economic Freedom by the US-based Heritage Foundation, Hong Kong has the freest economy in the world. Hong Kong enjoys business, trade, fiscal and labour freedom, low levels of political corruption and open investment policies. |
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| 3. | Tax Benefits - Hong Kong's low corporate taxes are attractive to entrepreneurs setting up a company in Hong Kong. If properly structured, a company set up in Hong Kong provides legitimate tax advantage. For example, a Hong Kong company is a tax-exempt way of booking profits sourced outside Hong Kong (visit the Hong Kong Inland Revenue Department website). Hong Kong also has currently 13 double taxation avoidance treaties with the world's major trading nations, including recent additions of Ireland and the United Kingdom. |
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| 4. | Banking Facilities - setting up a company in Hong Kong is supported by the best corporate banking facilities in Asia, for example HSBC, DBS and Standard Chartered. For more information, please visit our Hong Kong corporate services page. |
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| 5. | Gateway To China - Hong Kong's unique geographic location allows it to thrive as a bridge between the West and East. A Hong Kong company is an excellent access point into large markets in southern China (for further information, visit our Hong Kong company incorporation page). One major initiative that allows for Hong Kong offshore company to leverage on this gateway is the Shenzhen-Hong Kong Innovation Circle, designed to encourage overseas enterprises to do scientific research in Hong Kong. Besides that, Hong Kong and Shenzhen are also jointly funding eight more R&D projects. When setting up a business in Hong Kong, many of our clients choose a Hong Kong Virtual Office to support their regional operations. |
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Long Term Investment - setting up a company in Hong Kong is a secure long-term investment. Because Hong Kong follows globally recognized Organisation for Economic Cooperation and Development (OECD) standards; Hong Kong is a reputable, secure and an effective jurisdiction for long-term investment planning.
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| 7. | Infrastructure - Hong Kong has spent US$7.8 billion on infrastructure in the last decade, 75% of which have been undertaken by foreign contractors. There are also 10 new major infrastructure projects planned, presenting greater opportunities for setting up a company in Hong Kong. One such example is the Guangzhou-Shenzhen-Hong Kong Express Rail link. |
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The procedure to set up a company in Hong Kong includes: |
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| 1. | To set up a company in Hong Kong, our client first settles our engagement fees and signs our standard client engagement letter. |
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| 2. | Our client and Healy Consultants agree on the legal, tax and accounting implications involved to set up a company in Hong Kong. |
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| 3. | Our client and Healy Consultants agree on the company name and the optimum corporate structure required to set up a company in Hong Kong, including shareholders and directors. |
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| 4. | Healy Consultants prepares incorporation documents for our client's signature and return to us. |
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| 5. | Healy Consultants sends our client a detailed engagement project plan, clearly outlining the steps required. This minimises unwanted surprises for our client. |
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| 6. | Healy Consultants liaises with the Hong Kong Registrar of Companies to set up a company in Hong Kong with the correct corporate structure. |
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| 7. | Having set up a company in Hong Kong for our client, Healy Consultants provides our client with a complete company kit including i) original Certificate of Incorporation ii) a bound copy of a government-approved Memorandum & Articles iii) original share certificates iv) an extract from the Hong Kong Public Register illustrating company details available for public viewing and v) an original government receipt as evidence of payment of annual license fees for the Hong Kong company. |
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Contact Us |
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For further information on setting up a company in Hong Kong, contact email@healyconsultants.com or call us in Hong Kong at +(852) 8331 1911. |
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Back to Hong Kong Company Formation page. |
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Buy Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
