Looking at the best-performing brands globally, most investors are left asking one common question: “What is the best way to grow my business to the same level?”
To answer this question, we looked at the top multinationals and found that they have one thing in common; they were incorporated in offshore jurisdictions that supported their growth.
The most preferred investment jurisdiction is Hong Kong, and it is easy to see why: it has a very supportive administration. The Hong Kong administration has put in place pro-business policies that help companies to grow rapidly.
Despite the high-potential of the jurisdiction and supportive administration, investors still see the process of registering companies complicated because of the long list of documents to be prepared and the need to fly to the island to file the company registration documents.
In this post, we will tell you the best way to make the process of registering a company in Hong Kong easy and fast.
Understand the Benefits of Registering a Company in Hong Kong
The first step in company formation in Hong Kong is to understand the market. So, start by closely surveying the market to learn about the main benefits of taking your business there.
For most businesses, Hong Kong is excellent because it is the main gateway to the Mainland China, a country with a population of more than one billion people.
So, whether you deal with smartphones or automobiles, among others, you can rest assured of one thing: there is a ready market. Other benefits associated with opening a company in Hong Kong include:
- The jurisdiction has many bilateral trade agreements that you can use to grow your company globally.
- In addition to serving as the gateway to the Mainland China, Hong Kong is also strategically located, allowing you to easily access the Far East market.
- You enjoy lower tax rates in Hong Kong compared to most countries around the globe.
Follow the Companies Ordinance Carefully
To make the process of registering a company direct, the Companies Ordinance provides all the detail about what you need. According to the Companies Ordinance, here are some of the things that you need to register a company in Hong Kong.
- Articles of association.
- A company name.
- Registered address.
- Details of the company directors, shareholders, and company secretary.
- Share capital on registration.
Work with a Professional Company Registration Agency
One of the best methods of simplifying the process of company formation in Hong Kong is by using a registration agency.
These are registered entities allowed by Companies Ordinance to help investors register companies.
The good thing about the agencies is that they are run by professionals with a lot of experience in company registration in Hong Kong. They can also help you register your company without flying to Hong Kong. A good agency can also assist you with the following tasks:
- Helping you to comply with ongoing statutory requirements.
- Help with accounting and tax filling.
- Offering you advisory on business licenses and other corporate services.
When registering a company in Hong Kong, you can make the process easy by following the strategies we have listed above. Particularly, you should reach our professionals on this website for help with company formation in Hong Kong and early establishment.