Grow your business by Hong Kong company Formation
In East Asia, Hong Kong is city state and population is 7 million. Main sources of money inflow in Hong Kong are by international financing and trading. Hong-Kong is area where tax jurisdiction is very low. It differentiates between local and international income tax rates. Very amazing fact is that local income tax is 16.5% where international income tax is nearly 0%. That’s why Hong Kong Is trade centre where business activities may grow with high efficiency. Therefore, business of finance and management, consulting and others are growing with high rise. Here comes the question of Hong Kong Company formation as for investors it looks lucrative to do business in Hong Kong.
How to form Hong Kong Company
Hong Kong company formation is possible through online and can be achieved only in one day. Type of company will be limited Company and suffix may be written as ltd. Registration of Hong Kong Company formation is feasible via proper Email only in one day. As for simplification of process of formation of Ltd. Company, application has to be raised for company incorporation which includes business registration also. Hong Kong is enjoying free economy and has developed appreciable offshore market, it is really feasible to form company at HongKong.Formation of HK company is mobile friendly as you can register your company via online and can save dollars.
Process of Application
When you have already decided to form a HK Ltd. Company and also decided name, you have to apply for registry for Incorporation in Hong Kong Companies.HK is stable country in political way and leading international centre for trade and business. As HK has low international tax rate, it is very common trend to set up limited company in HK where bank account ,accounting book will be carried independently. Sole partnership is also required by the company. Company incorporation may be for mainland china or offshore company.
Basic necessity of HK company representative office
Hong Kong company formation
requires representative for set up which includes
- Certified true copy of incorporation of HK company
- Certified true copy should be in language of English or Chinese
- Branch office in HK
- Offshore Ltd. Company
- Registered address
- Bank account opening
- Nominee provision
- Visa provision
The HK Company also may require accounting and bank service, Tax and audit service. Branch office in HK may be treated as extension of main office and it is considered as legal entity.
So, in view of discussion above, you can form Hong Kong Company for high business growth due to its provisions for international trade centre and low tax rate.