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| Hong Kong |
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| Keywords: Hong Kong Company, leading financial center, Hong Kong Special Administrative Region, free economy, service industry |
The territory of Hong Kong Special Administrative Region lies on the eastern side of the Pearl River Delta, bordering Guangdong in the north and facing the South China Sea in the east, west and south.
Sentence: Hong Kong special Administrative Region is the largest free economy, famous for service industry and free economy.
Conclusion: Hong Kong is the world’s leading financial center that is in cooperation with the set-up of an offshore company with a favorable environment as free economy and service industry.
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Hong Kong is one of the worlds leading financial centers. Its highly capitalist econ omy, built on a policy of free market, low taxation and government non-intervention, has been ranked as the most free economy in the world in the Index of Economic Freedom for 14 consecutive years. Beginning as a trading port, Hong Kong emerged as a leading financial center in the late 20th center. Its highly capitalist economy is heavily based on service industries and thrives under a long-standing policy of government nonintervention.
The Hong Kong stock Exchange is the 6th largest in the world, with a market capitalization of US$2.97 trillion as of October 2007, and the second highest value of initial public offerings, after London.
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One of the main uses of Hong Kong companies is to serve as base company for which an entrepreneur can open a representative office in China, as it is considered a foreign company as well. Hong Kong also serves as regional base for many companies expanding into the Asian market, both for trading and investing.
Many expatriates doing business or working from their homes in China, as well as freelancers and consultants, use Hong Kong companies to get a business image and presence, or for sending and receiving payments to/from clients or partners.
Shelf-companies are also available that can be bought in a single day (you cant choose your own company name in that case).
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»One (1) director or more
»One (1) shareholder or more
»Director and shareholder can be the same person, and can be a corporation
»One (1) company secretary (Hong Kong citizen or corporation, included in our package)
»Passport photocopy
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»Minimum paid in and issue capital: two shares
»Standard issued capital: HKD10,000 (HKD1/share)
»Issued capital doesnt need to be actually paid up. |
Hong Kong corporate tax rate is 17.5%, which should be paid on all profits generated in Hong Kong (revenues generated from providing products and services to Hong Kong residents and companies, minus related expenses). When used for offshore purposes, you will not be subject to any tax if all your revenues are earned overseas. |
The registration package includes:
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»Company name search
»Documents preparation (articles of association, memorandum, company minutes etc.)
»Payment of first year business registration license fee
»Payment of incorporation fees
»First year company secretary fees & registered office
»Processing the registration procedures in Hong Kong
»Corporate chops and courier fees
»Our service charge.
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After company is successfully registered, you will receive:
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»The certificate of incorporation (CI)
»The business registration license (BR)
»Ten (10) sets of Memorandum and Article Association (M&A)
»Minutes of the first meeting of the company founders
»The share certificates
»The corporate chops
»One set of CPA-certified true copies of documents (for bank account opening)
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