Forming a Company in Hong Kong |
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Forming a company in Hong Kong offers a wide range of financial support services. International investors in Hong Kong enjoy superb global market opportunities. As a global financial centre, Hong Kong boasts a sophisticated economy that is friendly to both established businesses and entrepreneurs. The following is an overview of forming a company in Hong Kong from an economic and regulatory viewpoint.
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| Forming a company in Hong Kong provides entrepreneurs access to one of the world’s most modern economies. The International Monetary Fund has placed Hong Kong on a list of 34 "advanced economies".
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| Based on UK common law, Hong Kong’s legal system remains largely autonomous from China, and enjoys a good international reputation. The city's political and legal system is positively ranked as the world’s 12th least corrupt in the 2011 Corruption Perceptions Index by Transparency International, a measure of corruption among public officials.
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| Furthermore, Hong Kong’s transparent legal system and constitution, which strongly supports rule of law and the protection of intellectual property rights, is a key factor in its ranking as the world’s freest economy in the Heritage Organisation's 2011 Index of Economic Freedom. | ||||||
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| Foreign investors forming a company in Hong Kong should note that foreign income remitted to Hong Kong is legally tax-exempt, making Hong Kong an attractive jurisdiction for wealthy entrepreneurs to reside. In 2006 Hong Kong boasted 87,000 US dollar millionaires (77,200 in 2005). | ||||||
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| Hong Kong is a preferred global headquarters for more than 4,000 international organisations. More than 130,000 limited liability companies are incorporated in Hong Kong in 2010 alone. | ||||||
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| Consequently, foreign direct investment (FDI) in Hong Kong reached US$68 billion in 2010 (US$45 billion in 2006). | ||||||
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| Corporation tax in Hong Kong is a flat 16.5% of trading profits earned in Hong Kong. A Hong Kong company's international profits are legally tax-exempt if international income is not remitted to a Hong Kong bank account. In these circumstances, to achieve legal tax exemption most business people remit their revenues into a bank account in another jurisdiction, for example Singapore. | ||||||
| Contact Us | |||||||
For further information on forming a company in Hong Kong, email email@healyconsultants.com or call us in Hong Kong at (+852) 8331 1911.
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