August 3, 2020
Incorporating Hong Kong Company
Hong Kong companies, demands are high despite worldwide tensions.
The city registered 48,000 companies in the first six months, incorporating a Hong Kong company is remaining attractive despite, or because? Of the economic turmoil.
The low tax location (8.25% of the first USD 250,000 profits, then 16.5%) is attracting interest from International entrepreneurs.
Incorporating a Hong Kong company is an easy process but demand attention to details as the bank account opening is a difficult operation, with travel restrictions many are caught with a company which can’t be operational in absence of bank account.
The preparation of a compliance report before incorporating a Hong Kong company is therefore a better concept for those with immaterial business models and/or operating in countries which could be considered as a risk by the bank compliance.