How Hong Kong Assists In Company Incorporation
Hong Kong is one of the most open economies in the world. It combines a simple low-rate tax regime with free-market principles, and it has no restrictions on inbound or outbound investment. It is a major financial and commercial centre and serves as a regional headquarters and business hub for the Asia Pacific region. It acts as a gateway to enterprises seeking access to global markets.
An incorporated company will be required to maintain a minimum presence in its place of incorporation, like a registered office and a resident company secretary. Hong Kong firms provide expertise in administering and managing companies and thereby enabling the company owners to focus on their primary business.
Hong Kong has many competent and service firms that provide professional services, formalities from the beginning to the end of company formation. They will provide help and details for all the steps involved in the formation of incorporation as mentioned above and assist with additional services like assisting the client with opening a bank account, preparing a common seal & stamp and filling, or relocation visa.
Hong Kong provides corporate and trust services. It also provides information on regulatory & compliance requirements, procedure &timeline, and post-incorporation procedures on how to register a private limited liability company. These guidelines are governed by the Companies Ordinance that states that any person of age 18 and above, foreign or local, can set up a company. It also has qualified corporate secretarial services from company secretary services, notarization to company restoration, among others.
Hong Kong also provides business support and business advisory & solutions services. Business support services include administrative support that enables an incorporated company to maximize opportunities and achieve long-term sustainability from full back-office solutions to assist with tax and regulatory compliance such as accountancy, human resources, pensions, insurance, trademark & intellectual property protection and executive relocation
It assists with accounting services that enable setting up a smooth and effective accounting system to prepare financial statements for one’s company like bookkeeping. Preparation of financial statements, setting up accounting services and preparation of consolidated accounts.
Hong Kong assists with the entire taxation process and saves one from the trouble of doing taxes for their company.
It assists in setting up onshore, and offshore companies in various jurisdiction worldwide like in Taiwan, China and Singapore.
It assists with legal services like intellectual property and licensing management.
Other Services Include:
- Human resource
- Virtual office
- Stamp seal makers
- Software Sale and Development