Top 5 benefits of Hong Kong company registration

2. Location

Strategically located in close proximity to China, Hong Kong plays a vital role in accessing the Mainland China market for many foreign entrepreneurs. Hong Kong is just one hour’s drive from the world’s largest manufacturing region, the Pearl River Delta, which produces 30% of China’s exports. Hong Kong accounts for a large share of inward investment to Mainland China and China is the largest trading partner for Hong Kong.Hong Kong’s reputation as a global financial powerhouse attracts Chinese companies for primary and secondary listings to access Asia markets. During 2010, the Hong Kong Stock Exchange (HKSE) became Asia’s second largest stock exchange in terms of market capitalization, behind the Tokyo Stock Exchange (TSE). HKSE overtook Shanghai Stock Exchange partly because many Chinese companies also see Hong Kong as an efficient avenue to expand business within Asia.Being in the centre of Asia, HK is also efficient in terms of links to international markets. The Hong Kong airport is within 5 hours flight to all major trading jurisdictions in the region.

3. Infrastructure

Hong Kong is one of the most modern cities in the world. It is well equipped in terms of infrastructure such as transportation, telecommunications, IT connectivity and utilities. Combining the world-class international airport with efficient logistics facilities such as the cargo airport and shipping container port, makes HK attractive for international business that relies of efficient transport of human personnel and products around the world.

HK Benefits - Policy and Taxes

5. Company Registration Requirements

The Hong Kong company registration process is relatively straightforward.  The main requirements for Hong Kong company formation are:

• confirming the company name and corporate structure;
• confirm the details to meet the HK company law requirements which include: minimum one company director (doesn’t need to be resident in HK), a Hong Kong resident company secretary (director and secretary cannot be the same person), a minimum issued capital requirement of HK$1;
• Register the business;
• Operational requirements such as opening a Hong Kong corporate bank account, setting up office (virtual office is an option), securing employment visas etc.