If you plan to set up an internet business, you may be interested in incorporating in Hong Kong. However, when starting your online business from Hong Kong, there are several things that you must consider. One thing to keep in mind is the need for high-quality service when registering a Hong Kong company. Below are some of the benefits of Hong Kong company incorporation services:
One of the significant advantages of Hong Kong company incorporation services is that the business will not be viewed as a tax avoidance device, as Hong Kong is already a high trading enterprise. There are no direct exchanges of currency and no capital gains tax. Business investors can save on the costs of conducting their business using bank loans and low-interest government loans. These banks usually offer a much lower interest rate than other banks in the UK and Europe.
It is also one of the primary reasons many entrepreneurs choose to set up their Hong Kong businesses. The low tax rates offered by the Hong Kong authorities to attract new entrepreneurs to this region of China. The low tax rates make a huge difference, especially for business owners who have a large business venture. The government has also taken measures to protect the interests of the employees of companies incorporated in Hong Kong. There are several safeguards in place for these employees who cannot be discriminated against during their employment.
The benefits of company incorporation in Hong Kong extend beyond these two points. Registration is not a cumbersome process as many professional agencies offer help for this purpose. Applying for company registration in Hong Kong does not take a lot of time and can be done within a couple of hours. These professionals can handle different types of issues regarding company formation and other matters. Therefore, entrepreneurs can avoid dealing with red-tape and unnecessary hassles.
When looking to complete the entire incorporation process in Hong Kong, the entrepreneurs must find an experienced and well-reputed agency. An entrepreneur must be aware of the requirements that must be fulfilled by his/her choice of incorporation service. The company formation service selected should fulfil the entire legal process involved in the Hong Kong company formation process. Company registration in Hong Kong needs to comply with the Basic Provisions of the Law (BPL) and should be endorsed by the SAR government. Numerous regulations dictate how the company can be formed, and each of these has its own set of requirements.
The company secretary is the person who works in close association with the directors and shareholders. The company secretary ensures that all company formation procedures are carried out correctly and that there are no mistakes made in any documents. Moreover, company secretaries also provide that there are no misunderstandings or omissions in the accounts and documentation.
After the company secretary receives all the shareholders’ notifications, they forward them to the registered office for further processing. If required, the company secretary also asks for the necessary papers and reports from the shareholders. Upon receiving all the required paperwork, the registered office then sends a notice of incorporation to the shareholders and the statutory seal and instructions on how the information should be delivered.