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Legal Entities and company registration in Hong Kong
Hong Kong, alternatively known by its initials H.K. (hereinafter referred to as “H.K.”), came to exist upon the end of the Qing dynasty back in 1912, when the Republic of China succeeded in putting an end to over 2,000 years of imperial rule and brought to life the dream of setting a constitutional republic.
Hong Kong is a city-state which is now a Special Administrative Region of the People’s Republic of China. Due to its strategic geographical position, H.K. has been characterized by many as an attractive business center, especially with regards to international trade as it is a gateway between the East and West. Moreover, Hong Kong is not only enclosed by the Pearl River Delta and South China Sea but also situated between the Taiwan Straits, the South China Sea and the Pacific Ocean, thereby making it a global channel for sea traffic.
One of the most thriving and cosmopolitan cities, Hong Kong is known for its expansive skyline and deep natural harbor. With a land mass of 1,104 km2 and a population of over seven million people, H.K. is one of the most densely populated areas in the world. Great Britain remained in possession of Hong Kong after the end of World War II, even though many other colonies such as India where released. By the 1990s, H.K. was globally recognized as one of the fastest-growing economies in the world.1997 brought the birth of Hong Kong as a Special Administrative Region under the Chinese rule, thereby peacefully ending Britain’s long term rule over the island and making it a perfect destination for businessmen to form a company in Hong Kong.
Today, following the constant economic development of Mainland China, H.K. has successfully evolved into a service-based economy and at the same time also serves as an important gateway to the world’s largest market. Hong Kong is viewed by many as an evidently prosperous region with a superb international reputation. It is one of the Four “Asian Tigers” with Singapore, Taiwan, and South Korea. Forming a company in Hong Kong brings you close to the beating heart of Asia.
With the Chinese market and it’s constant expansion Hong Kong is becoming more and more relevant jurisdiction in which to do business in. If you are considering a business operating in China or Asia as a whole, Hong Kong is the perfect place to register a business. Let our experienced team help guide you through the incorporation process for a Hong Kong company. Contact us today to get more information and prices for H.K. company formation.
Why form a company in Hong Kong?
- Hong Kong is a highly reputable low-tax jurisdiction.
- A company in Hong Kong can be owned, managed, and operated entirely from abroad.
- Hong Kong has16.5% corporate tax rate.
- There is no sales tax (VAT) in H.K.
- Hong Kong is one of the best banking jurisdictions in the world.
- Hong Kong is a large city with influences from all over the world, though mainly China and UK.
- Income tax is charged on a sliding scale from 2% to 17%. There is no capital gains tax, inheritance tax, wealth tax, or sales tax.