Here are some of the main benefits of opening a Hong Kong company:
Setting up a Hong Kong company is inexpensive Foreigners can own 100% of the company (one individual can be the director and shareholder, although you do need a Hong Kong company or individual to be the company secretary) A Hong Kong company offers global recognition and promotes stability compared to neighbouring countries Hong Kong is ruled under British Law (democratic and fair) For many western countries, Hong Kong is often viewed as the best gateway to doing business in China You don’t need a physical address in Hong Kong (a holding address is fine) Directors or shareholders do not need to be based in Hong Kong (although at least one director needs to visit to open the bank account) A Hong Kong company allows you to open up a multi currency bank account Hong Kong adopts a territorial source principle of taxation meaning that all profits generated outside of Hong Kong is TAX free (revenue generated in Hong Kong and income tax over 120,000HKD is around 17%.
The process of setting up a Hong Kong company is pretty straight forward. Firstly, you need to decide whether you are going to buy a company that’s already been registered or apply to open a company in your desired name. Please check the details about our service or contact us.( Protected content )There’s no difference in costs, although a ready made company is a couple of weeks faster to set up.
When applying to open up a Hong Kong company, you’ll need to provide the following details for each director: name, passport details, nationality, residential address, and if shareholder; the percentage of shares.
All nationalities are eligible to form an unlimited company in Hong Kong. This entity is suitable for business startup because of its low maintenance cost. At TIMELY, we help you establish an unlimited company by handling
the whole application for you.Please check the details about our service or contact us, Eric Protected content Protected content Add:Room924, Office Tower Garden Hotel, No.368 Huanshidong Rd. Yuexiu, Guangzhou