Why choose Hong Kong for incorporation?

Location advantage : Incorporation in Hong Kong gives access to a business to multiple Asian countries and it has China nearby, thereby making it easier for the company to enter into bilateral trade agreements. Hong Kong of its good international trade relations make it advantageous for business owners to get into business agreements, and contracts using the goodwill of the country with other countries to expand the business.

Freedom in Business : The cost of incorporating a business in Hong Kong is very affordable as well and the steps involved in incorporation are smooth and easier. Hong Kong along with Singapore has a very smooth and easy-flowing business, these countries also have the best and fastest arbitration system, which acts as an Alternative Dispute Resolution mechanism. Having jurisdiction over the company incorporation allows the company or gives a reason for the company to choose Hong Kong and Singapore as their venue for their arbitration, to settle their disputes with third parties or their internal disputes amicably.

Support from the Government : China and Honk have a very unique administrative system, it has a proper structure and flow for the working of the government function without too much of complexities. The government operates with greater authority in Hong Kong.

Political Stability : Hong Kong has a reputation for maintaining social and political harmony in the world. It provides a safe, secure platform for businesses incorporated without much political interference in the business operations. It has a very strong rule of law, where law is made superior to other factors, which makes the application, enforcement and execution of law in these countries fair for all.

Tax Benefits : There are many benefits that one gets by incorporating their company in Hong Kong. following are the features that make Hong Kong-incorporated companies eligible for multiple taxing benefits.

Features:

• Low Corporate Tax Rate

• Territorial Taxing

• No tax on capital gains

• No Value Added Tax or Goods and Service Tax

• No withholding of the share of dividends, interest and royalties

• Double Tax Avoiding Agreement

• Easy Tax Filing

Private Limited : A private limited company has its capital and ownership divided into shares and the liability is to the extent of their unpaid amount based on their shareholding in the company. It must have at least one shareholder and one director while incorporating, these may be normal individuals or entities, but unlike public companies, they cannot issue shares to the public. As the name suggests, the company is private and their liability is limited to the extent of their shares in the company.

Sole Proprietorship : Generally, meant for small businesses or freelancers in this there is sole liability of the owner, the simplest form of business. It can be advantageous on the part that the owner has complete control and ownership over the business in this model. However, it can be disadvantageous on the part that there might be a lack of diversity for expansion and decision-making related to the business.

Partnership : A partnership is preferred by businesses, who want to run a business together without having to go through the complexity of a private limited incorporation. But Partnership has more flexibility in terms of management because- here the business is owned by the partners who are involved in day-to-day management of the business.

Branch Office : This type of company is headed by a parent company, generally, they are to create diversification of the business, this can be incorporated in a separate jurisdiction as well as may have a different identity, The branch company shares legal duties and liabilities with that of the parent company.

Representative Office : This kind of company is incorporated to carry out pro-bono activities, it cannot operate to carry out a profitable business. It can be incorporated for promotional purposes of the parent company and it lacks a legal personality. It does not have any liability.

Pool of Experts : RegisterKaro holds a large pool of Experts from all over the world specializing in registration services in different countries. Our team of experts makes sure that your work is taken care of in the most effective manner possible.

Cost-effective : RegisterKaro business registration services are of premium quality at the most efficient rate, which suits the client's pocket, making sure that quality service is not the only thing the client gains on our platform.

Client-oriented approach : Our team of experts is well-trained and equipped with a client-oriented approach, keeping in mind that the process must be client-centric, focusing on meeting all the requirements of their business and, therefore, satisfying their needs.

Process Alteration : For the fact that we focus on a Client-centric approach, we keep our process structurization open for the client to alter it as per their need, requirements, and vision. For us, obtaining the best results is the focus, along with the Client satisfaction.