Mention Hong Kong to entrepreneurs, and they will tell you one thing: it is the perfect place when targeting to rapidly grow a company. The jurisdiction is ranked the freest economy by the Heritage Foundation and is home to 70 of the 100 biggest banks on the globe. So, if you have been looking for the perfect opportunity to catapult your idea into a business, grow a company, or go global, Hong Kong is an excellent launchpad.
The first step of getting into this high potential jurisdiction is giving your enterprise legality to operate there through incorporation. This post is a demonstration of why working with experts in company incorporation in Hong Kong is the perfect path to success.
What Makes Hong Kong Attractive to Investors?
The most notable reason why every investor you listen to is likely to be headed to Hong Kong is the favorable business environment. For about 20 years, Hong Kong has directed a lot of efforts into creating the perfect environment for businesses. For example, your business will only be charged 8.25% in corporate tax for the first HK$2 million, which is half the standard rate. This means that you can retain more for business growth and success.
Here is a summary of other reasons for opening a company in Hong Kong:
- Availability of skilled labor.
- Fast-growing economy.
- Easy access to the rest of the Asia-pacific market.
- Good corporate environment.
- Highly developed infrastructure.
Business Opportunities in Hong Kong
There are so many business opportunities that you can take advantage of when expanding business to Hong Kong. No matter what business you want to start, the chances are that Hong Kong has an opportunity awaiting exploitation. Again, you need to think big and start exploring how to exploit the neighboring Asian markets. So, check out some of the investment opportunities:
- Business consultancy.
- Travel and hospitality-related operations.
- Product sourcing.
- Freight and forwarding.
- Apps development.
- Medical equipment design, manufacturing, and maintenance.
- Artificial intelligence services.
- Education services, especially in offering high-value skills to staff.
Working Experts in Company Incorporation in Hong Kong Anchors Success
Now that you know the benefits that come with registering a company in Hong Kong and the top opportunities to consider, we must indicate that the process can be pretty complex. Although it is true that Hong Kong has simplified the process so much in comparison to other jurisdictions, it is still pretty complex to foreigners. To simplify the process of company registration and increase the chances of success, you should bring on board an agency of experts.
Here is a demonstration why working with experts can help you become successful:
- The experts assist you in professionally preparing the documents for company registration. They also help to hasten the process of incorporation.
- A good agency of experts can act as your company secretary and registered address. This not only helps to cut down costs but can also allow you to get the company up and running as fast as possible.
- The agency will help you with compliance, such as preparing and storing the significant controller's register correctly and following the right accounting standards for your company.
- After incorporating your company in Hong Kong, the experts can help you to draw a good strategy for market entry and carrying out due diligence.
- Top agencies, such as GMHK, can also come in handy to help you with other executive functions, such as payroll management, accounting, and filing tax returns.
Company incorporation in Hong Kong can be complex, but it does not have to be when an expert, such as GMHK, holds your hand. The agency can help you understand the process, follow the right process for registration, and ensure your business becomes successful. Visit them now to learn more about the registration process and start the road to building the company of your dreams.