Benefit of setting a company in Hong Kong
I see many foreigners starting companies in Hong Kong. What are the benefits?
One of the major attractions for foreigners to set up a Hong Kong company is the low corporate tax rate. As compared to other Asia countries, Hong Kong offers one of the most affordable corporate tax rates at 16%.
Other than being a tax haven, Hong Kong is right next to China creates accessibility to a large business market. Additionally, Hong Kong has a high percentage of literacy rate, and most employees are multilingual. Foreign companies can easily hire someone without any barriers.
For more information of the benefits and guideline for Hong Kong companies, do check out our website https://www.paulhypepage.com.hk/guidelines-for-foreigners-to-start-a-business-in-hong-kong/