Anyone who is 18 years old can open a company in Hong Kong. As a lot of people who have started their business in that age in Hong Kong would say, this early opening comes with its definite advantages. In spite of being a relatively-smaller counterpart of mainland China Hong Kong offers a whole heap of advantages for interested entrepreneurs and businessmen looking for a start in this Asian country. It has the ideal business environment where companies are able to flourish. In spite of being small, the talent base in this country – this includes people who are originally from Hong Kong and ones who are from abroad but have come and settled here and are now working – is commendable indeed.
The legal system in Hong Kong is second to none. The laws of taxation here are also really good. They are simple and thus easy to understand and implement. The infrastructure of this island country is great as well, something that bodes well for any new or established business. In fact, a lot of experts are of the opinion that if companies are looking to expand their business in Asia then they should give Hong Kong ago.
Hong Kong is also great for companies that are looking to reduce the taxes that they have to pay on the profits that they make. This is why as a growing business one of the best decisions you can take is to get your company registered in Hong Kong. Registering a company in Hong Kong can be described as a twofold process. First of all, you need to get the name of your company approved. Secondly, you need to put forward an application for registering your company in the said territory. When it comes to names of companies it may be English or Chinese or you may even have names in both the languages.
This is one of the most important guidelines for registering your company in Hong Kong. However, you need to be mindful of the fact that your company name is not a synthesis of both. It should have only English or Chinese characters. In case you want to use a Chinese name you should use the New Sai Ming font, which is the norm in these cases. This font has traditional characters used in Chinese and is also employed in ISO 10646 international coding standards. In case of English, the name of your company should end with limited. Your Chinese name should also have the same characters.