Almost all open-minded countries make it easier for foreigners to start businesses and invest. One of Hong Kong’s advantages is that foreign entrepreneurs are allowed to own 100% of their businesses registered in the territory. They have the right to own their corporations in their entirety or in part because there is no limit on holding percentage.
In the structure of a Private Limited Company, people can easily incorporate up to 50 people. To setup hong kong company, at least one individual must be both a director and a shareholder. It is not necessary for the directors to live in the area. Significantly, Hong Kong allows for a little amount of share capital, with a minimum of 1 HKD.
Trade and a Free Economy
Hong Kong’s edge as the world’s freest economy was recognized by the Heritage Foundation in early 2019. Hong Kong SAR has maintained its top ranking for more than 20 years as a result of its governments’ integrity and transparency in offering trade and monetary freedom. Hong Kong allows corporations to conduct nearly any form of business, as long as it is lawful, such as trading, E-commerce, manufacturing, consulting services, and even owning financial assets.
Easy Access to Mainland China
Hong Kong, which is located on China’s southeast coast, entices investors with its crucial strategic location. It is feasible to go throughout China in a single day. Based on the Mainland and Hong Kong Closer Economic Partnership Arrangement, Hong Kong plays a vital role as a preferred gateway to China’s markets (CEPA).
The infrastructure of International Standing
Hong Kong is not only one of the world’s most important business cities, but it is also the geographic center of Asia. Flying to any country in this region takes about 5 to 8 hours because of well-developed and integrated transit. In the first quarter of 2019, Hong Kong International Airport was ranked among the top 10 busiest airports in the world. With rails, trams, ferries, double-decker buses, and minibusses, the transportation network is one of the most efficient in the world.
To summarize, Hong Kong has established itself as a major worldwide financial hub. The country is known for its easy incorporation, low taxes, open and accessible marketplaces, and developed living environment. Last but not least, Hong Kong’s reputable standing has been bolstered by the productivity of its labor and superb infrastructure. Because of the advantages of hong kong company setup, investors choose it as their preferred location for forming and expanding their businesses.