If you’re a business owner and you’ve decided to establish an overseas company, then you should look at the benefits of company formation in Hong Kong first. It is because the options that are available in Hong Kong for company registration are much better than in any other country. The possibilities are better than in most countries because, in most countries, the company would not operate under the Articles of Association. But in Hong Kong, you can choose between the SIC and the Articles of Association. It will enable your company to be registered under its name and its permanent management structure. And that’s important because an effective company has its management system, and it cannot be run under another person’s management.
Then, what other advantages do you get from establishing overseas company registration Hong Kong? First, you’ll be able to enjoy several benefits, which will increase the attractiveness of doing business in Hong Kong, especially for new companies. One of these is that the corporate laws of Hong Kong are exceptionally stable. It means that there is absolutely no worry about getting involved in any disputes with other companies, or any political problems, or anything like that. So, what this means for the company is that it is free from all these problems.
You can also enjoy the benefits of an excellent legal advisor. Now, the benefits of having an excellent legal advisor are significant, because they can help you with all the standard procedures and paperwork that are required in this regard. Many people say that having an attorney can help your company to succeed more quickly than if you were doing it yourself. And the best part is that the costs related to these are minimal compared to what you would pay to Hong Kong people handling these matters.
Then, you will enjoy several benefits when you register an international entity. One of these is an exemption from paying the stamp duty, a tax imposed on most foreign companies’ registration. This tax must be paid on the income statement of the foreign company and is payable every year. If you had to pay this tax on your own, you might find it hard to organize the finances. That is why it is excellent news that the laws on this taxation of the Hong Kong foreign company are very lenient. It has been one of the main reasons why many entrepreneurs have preferred to establish their businesses in Hong Kong, rather than mainland China. Moreover, if you ever decide to open another branch in China, you will not be required to pay the same taxes again to the Chinese government.
The next benefit that you will enjoy by registering an international business entity is an exemption from paying the customs duties related to your company’s registration. If you had to pay the same taxes to the Chinese authorities for your company when it was registered in Hong Kong, then that could translate into a hefty amount of money when you had to return the taxes to the Chinese authorities. So, instead of paying such high amounts of money, you can now make use of the Hong Kong offshore company registration service and save yourself a lot of money. Furthermore, if your business expands into another country, you will not have to worry about paying the additional costs associated with your company’s registration there.
An offshore company is also beneficial when it comes to the issue of jurisdiction. Most entrepreneurs are wary of choosing a particular jurisdiction because they feel that it doesn’t matter whether the place’s laws are or not. However, you will be happy to know that many companies have registered their businesses in countries like Switzerland and Panama, known for having robust anti-business regulations. Many countries have high tax rates that discourage companies from operating there. To reduce their tax burden, most foreign companies prefer to register their businesses in low-taxed jurisdictions such as Hong Kong and Panama.
The last benefit you will enjoy by incorporating your company in Hong Kong is that it is a straightforward process. By going through the Hong Kong formation authority, you can be sure that the process is as simple and easy as possible. Plus, you will find that many professionals will do all the paperwork for you, so you don’t have to worry about the technicalities. After all, it is better to hire somebody who knows his job well than to fall back on outsourcing all the technicalities.
So, you see, there are several good reasons why you should incorporate your business in Hong Kong, especially if you want to enjoy the benefits of being included in one of the world’s leading economic cities. Moreover, you will also be able to save a lot of money by using the services of experienced attorneys Abrahamson & Seltzer. If you want to learn more about their services, you can visit their online site now. However, you can also get all the information you require from other sources such as the local telephone directory and your area’s legal services directories.