HK company formation and its benefits

As an international metro city with ample opportunities and information, HK company formation provides matchless access to an estimated consumer market of 450 million people in Southern China only. With robust infrastructure and complete legal system of its own, it offers a beneficial commercial and financial environment to various entrepreneurs and traders. Hence, Hong Kong is a popular jurisdiction with international entrepreneurs looking forward to enter Chinese markets, and more and more people establish their own companies in Hong Kong with various purposes, which enhance not only the image of the company itself, but also the competitive ability in the international market.

We know there are various reasons or factors that can be conducive to the success of a business. While Hong Kong is considered one of the best cities to establish and run a business, as it scores high on factors that matter to businesses. Here are some of the main advantages of setting up a business in Hong Kong and will serve you with the answers whether HK company  formation is the best strategy.

1. Being an international centre of information exchange and transportation hub. A focal point of all the maritime activities in Southern China and is one of the major ports in the world in respect to tons of shipping using its amenities, cargo managed  and the number of passengers carried.

2. With very low tax rate, tax exempt  for income not incurred  in Hong Kong.

3. Enjoy the comfort of international banking system. Various banks represent the interest of 32 foreign countries. The banking and financial services of Hong Kong is regulated by the Hong Kong Monetary Authority (HKMA). The advantages and features of using Hong Kong for private banking and offshore asset protection during China company formation are extensive.