When it comes to starting up a business in a country where it's doesn't require a local resident to be the directors of the company, a country that registration of a company can be done within a day or better still within a hour, a country that encourages overseas business owners or entrepreneurs to possess complete ownership, Hong- Kong would be the place to do such.
THE BENEFITS OF STARTING UP A BUSINESS IN HONG-KONG
Hong-Kong is also known as the (SAR) Special Administrative Regions, it can be found at the Pearl River Delta. The following are the benefits of starting up a business in Hong-Kong:
- The attractive tax system
- It has free economy and trade
- Infrastructures are world-class
The attractive tax system: Majority of investors love starting up a business especially when they are aware that the taxation in the country is seen to be very attractive. Hong-Kong is a "Tax haven country " this favors the investor due to their low tax regime.
It's has free economy and trade: For the past 20 years, Hong-Kong has been able to keep it's integrity when it comes to monetary freedom and government transparency. It gives a free hand to all it's investors to run any type of business in Hong-Kong, but of course, it must certainly be a legal business and not illegal. Apart from goods like Alcohol, hydrocarbon oils, methyl, vehicles, tobacco, liquors, Honk-Kong doesn't collect any tax on goods imported. An investor would require a license and this is seen to be done without complications.
Infrastructures are World-class: Hong Kong already known to possess the largest commercial center, possesses a transport network with efficient and functional railway, trams, buses and minibusses, which would aid in the transport of individuals from one location to another swiftly. This benefits workers to get to their place of duty on time.
THE NECESSARY INFORMATION NEEDED TO REGISTER A COMPANY IN HONG KONG
The following listed below are required by the Hong Kong government when an investor plans to register a company;
- The company name
- The Ordinace of the company
- The appointment of a Designated Representative
- The business registration certificate (This should be renwed)
- The ongoing compliance mandatory
- The public information of the company
- The share capital
- The company Secretary details
- The company shareholders
- The registered address