The advantages of HongKong company
Why so many people want to set up a Hongkong company ,now I have summarized several advantages for you following.
You can check the information first and if you still have any question ,just to let me know and we will do our best to help you.
1.Incorporating in HK is simple and very quick.It just cost 8 work days then you will have a new Hongkong company. The formalities can be completed all by the agent. There is no need for the applicant to go to HK.
2.The Hongkong company is Composed by one shareholder, director and one company secretary. The shareholder and the director have no nationality restrictions.
3.The shareholder or director can be a trustee or a company.
4.The company secretary must hold a Hong Kong Identity Card or be a body corporate of Hong Kong.
5.The company secretary can be the agent.
6.The Company information can be publicly accessible and is credible.
7.Required to submit annual reports.
8.Need to establish financial accounts.
9.Single tax, and the tax rate is low; the profits tax is 16.5% of the net profit.
10.Foreign currency accounts can be opened in any major banks worldwide with no exchange controls.
11.Operations outside Hong Kong are exempt from any kind of taxation.
12.Operations can be carried out both in Hong Kong or in others countries/regions in the world.
13.Flexible and convenient transfer of funds; no foreign exchange controls.