Incorporation of Hong Kong Company

Benefits of Hong Kong company registration
    
1. It is extremely easy to register a company in Hong Kong because:   

·       Incorporate can be completed in one day. 
·       A Hong Kong company requires 1 director and 1 shareholder, who can be non-resident foreigners.  Compass Consultants can complete the incorporation procedures without them having to travel to the city. 
·       There is no requirement for a physical office space. A registered address can be provided by Compass. 

2. Tax advantages in Hong Kong: 

·       A Hong Kong company is legally tax exempt if it has no operations in Hong Kong. 
·       Setting up a Hong Kong offshore company can boost global profits as there is no withholding tax, sales tax, VAT, import and export tax or capital gains tax. 
·       For companies with operations in Hong Kong, the corporate tax rate is among the lowest in Asia at 16.5%. The tax rate for the profit of the first HK$2 million is 8.25%.  Furthermore, company will benefit from the 45 international double tax treaties signed by the Hong Kong government to minimize withholding tax on payments abroad. 
·       Hong Kong promotes free trade and does not charge tariffs on imports and exports. 

3. Hong Kong offers entrepreneurs an excellent business environment to conduct operations. 

A Hong Kong company benefits from the absence of exchange controls to restrict income repatriation.  This coupled with city’s status as a financial center make it excellent location for treasury accounts, cash management accounts and other corporate banking services.