Ever looked at big multinationals and wondered how they grew to become giant businesses? The biggest factor that helped them to grow was making the first bold step of moving offshore. But going offshore also requires ample planning, focus, and targeting. The first step in going offshore is selecting the right jurisdiction.
One jurisdiction that stands out for offshore company formation and subsequent success is Hong Kong. The jurisdiction operates as an independent region of China. This gives it autonomy in most operations such as legislation, monetary consideration, and tax system. Every big enterprise you see in the Far East probably started in Hong Kong. Here are the main reasons why you should also consider offshore company formation Hong Kong.
Hong Kong makes it very easy for entrepreneurs to form businesses
While many countries place a lot of restrictions before foreigners can enter and start doing business, it is different in Hong Kong. Hong Kong, an island with no mineral resources or land for agriculture, puts every effort in promoting its business-driven economy. It has set all types of incentives to attract more investors and businesses to help increase tax revenue. You only need to check the requirements for offshore company formation Hong Kong and meet them to have the company registered promptly.
Hong Kong boasts of advanced infrastructure to help businesses grow
Hong Kong has cut a name globally for its highly advanced infrastructure. If you are targeting importing and exporting niches, the sea and air transport facilities are very advanced. Besides, the local road network, rail system, telecoms, and tech-related infrastructure among others are very advanced.
To put it differently, Hong Kong infrastructure is the best that you can ever expect to help catapult a business to success.
Direct support for businesses to grow and expand to the Far East
To make sure that investors blossom their businesses when they come to Hong Kong, the jurisdiction’s administration works extra hard to provide support. The focus is ensuring that your enterprise can grow and help to spur the success of even other enterprises. Here is the support to expect when operating a business in Hong Kong.
- Straightforward tax regime.
- Prompt registration of companies.
- Direct financial support especially to enterprises in the tech sector.
- Regular tax incentives through double tax agreements.
Registering an offshore enterprise can be done without travelling to Hong Kong
In Hong Kong, investors are required to incorporate companies before they can start operations. The good thing about the companies’ laws in Hong Kong is that investors are allowed to register their offshore companies without having to fly to Hong Kong.
You only need to seek the services of an agency for assistance. Agencies are registered firms allowed to assist clients who want to register offshore companies.
You only need to identify a great agency, send the business registration details and wait for the certificate of incorporation. Indeed, the agencies are considered a better option because they do not simply leave you once the offshore company formation Hong Kong is over. You can engage them to get assistance with the early establishment in Hong Kong.