One of the biggest advantages of establishing a hong kong offshore company is that you can register it really fast. Once you have all the important documents and prepare the relevant information, it can take less than an hour to register your business. If this sounds interesting, then you might want to have some more relevant details in this regard.
Register from Anywhere
Thanks to the online service, Hong Kong law allows foreigners to own privately owned limited companies. Presently, there is no limit on foreign management and ownership. Even the shareholders and directors need not be HK residents.
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Ease of Doing Business
The online agencies that help in company registration help you to access diverse traditional and online banks. Moreover, since there is no control over foreign exchange, you can receive money and pay in over 50 currencies and 180 countries. Moreover, the present law does not charge taxes on offshore profits. Also, when thinking about local profits, the tax that the administration asks for is minimal. Hence, it allows the companies to conduct business with 0% VA, with minimal taxation of gains in capital.
Why Hong Kong for a Location?
As the entry point to China, Hong Kong has one of the most business-friendly environments in Asia. Proximity to the primary business hubs in China facilitates speedy delivery and payment. This is where you get an extra advantage with your suppliers.
Your HK Business Account
Apart from the benefits that you enjoy in tax payment, you need not travel or reside in HK for your hong kong offshore company registration. In fact, you would not even need to deal with the officials. Your company registration partner will make it for you. In fact, the package that they offer would also include a local business address, which is a prerequisite for registration. This address would be present on business cards, official websites, presentations and other modes of correspondence.
Follow-Up Services
After receiving company registration, you can enjoy an array of value-added services for follow-up. For example, you can get help in handling annual returns, issuing the initial audit notification, processing the bookkeeping and audit matters, and much more. Make sure that you research your service providers before hiring any of them.
