Hong Kong is a global city that has attracted people from all corners of the globe. It is an important hub platform connecting the Mainland China and Asia, and business-friendly city with a multitude of advantages to ensure businesses can flourish. Some of these advantage factors include:

(1)      Strategic Geographical Location

Hong Kong enjoys an ideal location in Asia that enables businesses to tap into the multitude of opportunities in the China and throughout the rest of the region. Over 100 airlines offer easy and efficient travel to 190 locations from Hong Kong, that whilst half of the world’s population can be reached within five hours by plane.

(2)      Open Business Environment

According to the Heritage Foundation's 2020 Index of Economic Freedom, Hong Kong has ranked at number two in world, the city's overall score 89.1. Hong Kong attained high scores of 90 or above in seven factors of economic freedom, that the city is a dynamic global financial center with a high degree of competitiveness and openness.

(3)      Low, Simple and Competitive Tax System

Hong Kong provides a simple and tax-friendly systems for businesses and individuals. Only three direct taxes are imposed, and the below taxes are generous allowances and deductions which can reduce your taxable amount:

(a) No sales tax or VAT;

(b) No withholding tax on dividends and interest;

(c) No capital gains tax;

(d) No tax on dividends;

(e) No estate tax.

 

Also, there are no foreign exchange controls in Hong Kong. When a Hong Kong company carry out their business activities entirely outside of Hong Kong, then the business able apply for Offshore Profits Tax Exemption.

(4)      Multicultural Talent Pool

The mostly Hong Kong locals being either bilingual or trilingual to communicate, and the business society common use English and Cantonese, as well as Mandarin.

Currently four Hong Kong universities are featured in the Quacquarelli Symonds World University Rankings top 100 list, which demonstrating the high quality of education system, equipped with the skills and knowledge to drive business in Hong Kong and beyond.

(5)      World Class Infrastructure

Hong Kong enjoys some of the most advanced business infrastructures in the world, have a convenient transportation and well-equipped logistics communication, as well as advanced port and air cargo facilities has ensured Hong Kong’s place as one of the largest trading entities in the world. Businesses and companies can take advantage of the leading business infrastructures in place to maximise their opportunities.

Detailed above are the major benefits of setting up a business in Hong Kong, that demonstrates why Hong Kong is remain a popular and valuable jurisdiction. The incorporation of company in Hong Kong is not only a wise decision but also very cost-effective and straightforward.

Kaizen services for the registration of a private company limited by shares Hong Kong which can be completed within 2 working days. In the proposed company, if there is any shareholder or director who is a corporate entity, the process would be completed within 6 working days.

Kaizen also provides a Hong Kong street address as the Registered Office of your Hong Kong company. The address can be used for both the registration of your company and receiving mails, notices and letters sent from the Government and other business letters. Enable clients to remotely distance operating Hong Kong company business, even not need to employ any staff or rent an office. Your operating costs are reduced substantially while you can enjoy the benefits brought to you by the Hong Kong company.