The Most Affordable and Professional Way for Company Formation in Hong Kong
by Sumona Starting a Business 02 April 2022
Long recognized as the main gateway to the Far East, Hong Kong is a business hub that you can use to propel your company into a multinational.
Taxes are low, the government is very supportive, and its infrastructure is world-class. After company formation in Hong Kong, you can only expect to grow and become the multinational of your dreams in no time.
Like most of the largest companies that have come to Hong Kong and thrived, you have an opportunity to debut and “take over” the enviable Asian market. So, which is the best way for company formation in Hong Kong? Here is all that you need to know.
Why Hong Kong?
One of the most notable benefits of company incorporation in Hong Kong is the ease of doing business with Mainland China.
Under the Closer Economic Partnership Arrangement (CEPA), Hong Kong companies are able to access the Chinese market tax-free for most products. After registering your company in Hong Kong, the 1.4 billion people in the Chinese market will be only a stone-throw away.
Other unique benefits that make Hong Kong the ultimate offshore destination for investors include:
- The country strictly runs on the principles of a free economy.
- A supportive administration.
- Strong property rights protection institution.
- State-of-the-art infrastructure.
- Strategic location in the heart of the Far East.
- Access to the international market is easy through the multiple bilateral trade arrangements.
- Educated workforce.
The Process of Company Registration in Hong Kong
The process of company registration in Hong Kong has been simplified so much by the jurisdiction’s administration, but it still looks complex to many foreigners. Let’s look at the main process involved in registering a company in Hong Kong:
- Step One: Select the name and preferred name and type of company.
- Step Two: Get an address (physical office) in Hong Kong and a resident company secretary.
- Step Three: Prepare the company’s articles of association.
- Step Four: Prepare all the documents required for company registration in Hong Kong. Some of these include the details of the directors, shareholders, articles of association, and company name.
- Step Five: Fill out the Incorporation Form (Form NNCI) and return it to the Companies Registry accompanied with all the required documents.
- Step Six: Open a corporate bank account.
- Step Seven: Apply for Business Registration Certificate (BRC).
- Step Eight: Obtain other permits and licenses required for your type of business.
GMHK: The Most Convenient Way for Company Registration in Hong Kong
If you find the process of company registration challenging, this should not deter you from going offshore. The lovely thing is that you can work with GMHK, the best agency for company registration in Asia, to make the process simpler and more convenient.
GMHK has been in the Hong Kong market for years, and you can count on its professionals to finish the incorporation process fast.
They make the documents professionally, and you do not need to fly to Hong Kong for company registration. Here are other benefits of working with an agency of experts:
- The company assists you in identifying the best company structure.
- Compliance with all relevant laws is guaranteed.
- GMHK will come in handy to help your company craft a good strategy for new market entry.
- GMHK can serve as your company secretary and address in Hong Kong.
- If most operations of your company are located outside Hong Kong, GMHK can help you enjoy tax-free operations.
- You can count on GMHK for other executive reasons, including filing tax returns, payroll management, and accounting.
Registering a company in Hong Kong comes with so many benefits for your company. You will enjoy more benefits by working with GMHK.
They hold your hands and guide your firm through so that success is more distinct. Visit GMHK now to learn more about company formation in Hong Kong.
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