Company in a foreign country
Many business owners in Hong Kong want to incorporate their company in another country simultaneously. Of course. Why not if it is possible. There are many advantages to do so.
Reach a larger customer base
Owning a company overseas besides Hong Kong can facilitate the company to reach a larger customer base. You can reach to new customers before your competitors and hence have a better chance to diversify your markets. When your customers consist of a diversity of markets, you can avoid a saturated market. In this way, your company is more stable.
Reduce operational costs
Also, a Hong Kong company owner who owns companies in multiple countries can reduce operational costs. As rent and labor cost are expensive in Hong Kong, you can set up a cost center in countries with cost-effective savings to reduce your operational cost.