March 13, 2017

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Why Hong Kong is attractive for company formation

The unique combination of strategic location, friendly business climate, and a stable legal framework makes Hong Kong the most sought after place to register a business in Asia. Hong Kong is just the right place to be if you are looking to tap the expansive Chinese market and make forays into South East Asia without negotiating unfamiliar legal terrains. While being a part of the People’s Republic of China it enjoys near complete autonomy in all aspects with exception to defense and foreign affairs. The English Common law is practiced in Hong Kong and it boasts of one of the most transparent administrative and legal systems in the world.

Hong Kong offers several advantages to business looking to register and operate from this global financial hub. It boasts of a very liberal tax regime and visas are easy to come by. The process of registering a company in Hong Kong is fairly simple irrespective of the nationality of the owner. The registration process can be typically completed within 5 business days and all you need is a local address and a local company to serve as company secretary. Further Hong Kong is one of the best places to open an offshore banking account and take advantage of tax exemptions.


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