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Company formation in Hong Kong is a simple process. Take a look at the following guidelines and understand the complete process to perform company incorporation in Hong Kong. 3E Accounting will help you with the company incorporation process and assist you to incorporate a company in Hong Kong without facing any issues.
Hong Kong is among the top countries to incorporate a business. There are many benefits to starting a company in Hong Kong. Some of these benefits include:
Proper Legal System
Hong Kong has an extremely good incorporation system, making it easier for entrepreneurs to perform company incorporation in Hong Kong. The Hong Kong legal system makes the entire incorporation process an easy task.
Reputed Economy
Hong Kong has a significant reputation in the world economy. As a result, company formation in Hong Kong helps global investors to gain a considerable amount of international credit.
No Foreign Exchange Control
Hong Kong doesn’t have a foreign exchange control, making it easier for the business owners to circulate funds whenever needed. This also results in quick credit operations.
Low Tax Rates
Hong Kong has comparatively low tax rates. It means that if you incorporate a business in Hong Kong, you won’t be crushed under the burden of paying hefty tax rates. Moreover, the entire taxation process is extremely simple.
Advantages of a Hong Kong Company is very important to ensure that your business operating in Hong Kong will provide you with successful business revenue.
Select the Services that you require for Hong Kong Company Incorporation
Though incorporating a company in Hong Kong is an easy task, mainly due to the flexible incorporation process, it can still get a bit hectic. We can help you with company incorporation in Hong Kong and make the entire incorporation process a hassle-free task. Following are the company formation services we offer in Hong Kong.
Hong Kong Company Formation
Being one of the top Hong Kong company incorporation service providers, we offer an array of incorporation services, making it easier for entrepreneurs and business owners to start a business in Hong Kong. We can take care of the entire incorporation process for your company.
Open a Local Bank Account
When your business registration is approved, you need to open a local bank account. Our professional company registration specialists will take care of the entire documentation to open a local bank account in Hong Kong.
Determining the financial year end for a Hong Kong company basically comes down to two factors which you need to consider – accounting and tax.
This is a critical step as if you don’t fill out your form correctly, you may face rejection as well. 3E Accounting will help you register your company by correctly filling all the details in the registration form.
Hong Kong is the preferred location for many people to run their business. The high GDP rate and fewer tax burdens make Hong Kong the perfect country to start your business and earn decent revenue.
Of course, you need an exceptional idea to make your business a success. However, it is also important to follow certain guidelines and register your business so that you can run it without facing any legal issues in the future.
The best part about starting a business in Hong Kong is that you can easily start and run it without traveling here. All you have to do is hire a Hong Kong company formation services provider. We are among the top names when it comes to choosing the best company incorporation consultants.
Our professionals have experience and the desired knowledge to assist you with Hong Kong company incorporation. If you are looking forward to starting a business in Hong Kong, we can help.
Starting a company in Hong Kong is a 5 step easy process and we can help you navigate through all these steps, making it more convenient to start your business.
Fortunately, there are several types of business entities which can be started in Hong Kong. However, it is extremely important to choose the right business entity which best suits your business requirements. We recommend spending a considerable amount of time picking the right entity for your business as it will help you run your business without facing any issues.
Following are the most common business entities to start in Hong Kong. It is worth noting that both local and foreign entrepreneurs can choose from these business entities.
Sole Proprietorship
This is the most suitable business entity for small-scale businesses. The setup process is comparatively easy and there are very few risks involved. As a result, this is the preferred choice of many startups. In this scenario, there is only a single business owner which means that a single person gets all the profit. Since there are very few risks involved, the decision making to run such a business is fairly easy.
The only drawback of choosing sole proprietorship is the limited life expectancy. There may arise situations when you have to terminate your business venture due to less public engagement.
Limited Liability Company (LLC)
Hong Kong Company incorporation can also be performed by picking Limited Liability Company (LLC) as your business entity. In such a scenario, the business is considered as a separate legal entity which means that the assets of the business owners stay protected from the business risks.
To start a company as LLC, one needs to register it under Companies Ordinance in Hong Kong. Since it is considered as a separate legal entity, there’s a huge scope for investment which means that it is easy to raise capital. Another advantage of picking LLC as your business entity is there are additional tax and incentive benefits.
However, in this case, you’ll have to take care of a lot of paperwork which means that it can get quite hectic to set up your company as Limited Liability Company (LLC).
Partnership Entity
As the name suggests, there’s a partnership between two or more people. It means that the ownership is divided and each owner is liable for their actions. Both the parties need to invest a dedicated share to start the business and the profit generated is split as per the share of investment.
The partnership entity is further categorized into two types, i.e., general partnership and limited partnership. Both these partnerships have benefits and risks of their own. The general partnership is where each partner has an equal contribution in making decisions. Limited partnership, on the other hand, is where some of the partners have no contribution to the decision making whatsoever.
Foreign Company Office
This is a suitable business entity for business owners who already have a well-established business in other corners of the world but want to start a venture in Hong Kong as well. In this scenario, the business owners can register for Hong Kong company incorporation as a foreign company and have a representative office in Hong Kong itself.
Pick a Company Name
Picking a name for your company is the first step towards starting a business in Hong Kong. It is important to pick a unique name as you cannot register your company if there’s already a company with the same name. We’ll help you identify whether the name that you’ve chosen is unique or not.
Our company incorporation package included free Hong Kong company name search, HK company name check and Hong Kong company name reservation.
This page truly provides the all-you-need-to-know information about Hong Kong Company Setup. Outfit yourself with the information you need when incorporating a company in Hong Kong!
We help both the local and foreign entrepreneurs to set up a company in Hong Kong without facing any issues. Our wide range of Hong Kong company incorporation services makes it easier for the entrepreneurs to pick the best package as per their business requirements.
3E Accounting Hong Kong provides Online Incorporation Form, Fill the form with all your business data and information requested and submit, and we will contact you soon.
