Nowadays, more and more entrepreneurs choose to set up their HK companies. According to the data from HK Company Registry, a total of 56,253 new companies were established in the first half of 2021, 11.07% higher than that of the second half of 2020.
https://www.cr.gov.hk/sc/publications/news-press/press/20210713.htm
Why Does HK Attract More People to Open New Companies?
Hong Kong has open markets and there are many benefits of starting a HK company.
As for registration
You can name your company with international brand value freely.
You can register online and it’s very fast to get your business license.
You can achieve offshore operation and the limitation on the scope of business is small.
Your registered capital doesn’t need verification and money can flow freely.
As for foreign trade
You can apply for HK trademark to increase brand awareness.
You can open HK bank account to collect overseas payment.
You can deal in import and export trade without restriction.
You can float your company on the stock market to raise capital.
What do you need to do after registration?
Complete annual verification by HK Company Registry and Inland Revenue Department.
Make accounting and audit before filling in Profit Tax Return.
ATTENTION
If you ignore these things, your HK company will be fined or even forcibly canceled.
HACOS has rich experience in helping customers open HK companies, as well as completing the accounting and auditing of HK companies.
If you have interests in starting HK companies, please feel free to contact HACOS!
