For about two decades, Hong Kong business driven economy has become an attraction to investors. Every business that wants to expand to the Far East considers Hong Kong because of the strong financial system, supportive political system, and ready market.
According to the company ordinance, the recognized form of business that people can use in Hong Kong is a limited liability company. While you can fly all the way to Hong Kong and register the company on your own, the best strategy is getting an agency. When you seek company formation services in Hong Kong from an agency, here is the value to expect.
Better understanding of Hong Kong Economy
When you contract an agency to assist you with company incorporation, the support surpasses direct preparation of the right documentation. Agencies such as hongkongtaxfree enable you to take a better glimpse of the Hong Kong economy.
As your documents are reviewed, and others prepared, you will get useful information about Hong Kong and how to venture into it. This information will be pertinent in helping with the crafting of the right company structure and entry.
Secretary services and keeping costs as low as possible
The position of a company secretary carries a lot of weight in the company ordinance because he/she links the business with all the legal authorities.
Agencies deliver value for this position by either helping you recruit the best or acting as the secretary for the new company. If you opt to use the agency as the Secretary, the office can also be used as the physical address in Hong Kong to keep costs as low as possible. You can even share the office with other companies if your business will not be very busy to keep costs even lower.
Special support for opening bank account
Opening a bank account has increasingly become an uphill task for many individuals and businesses. Most banks are implementing new orders from Hong Kong administration to ensure they lock out suspicious businesses.
Your agency will provide extra value in assisting you to understand what banks want, the right bank for the business, and how to apply for an account. For example, the company formation services in Hong Kong will assist you to demonstrate other contracts that the business has won, its partners, and even bank statements. These will give the banks a clearer understanding of the business.
A better chance to learn from past businesses
Unless when your business is a start-up, there is a high probability that the agency has helped similar ventures in the past. Therefore, the contracted company formation services in Hong Kong will bring all the experiences from past clients so that you can capitalize on what has worked and keep off mistakes that brought others down. This raises your chances of succeeding in the Hong Kong market and growing fast into the entire Asian market.
Essential to incorporate a business in Hong-Kong
The company formation services in Hong Kong that investors contract to incorporate their businesses are the initial anchors that could stand between failure and success. If you opt to use the services of a good agency, it will add a lot of value that will help keep cost low and make entry into Hong Kong market easier.