Foreigners can start a business in Hong Kong, and One IBC Hong Kong offers services that can assist in the process. The entrepreneurial climate in Hong Kong is conducive, the tax rates are very low, and the regulations are straightforward. This is one reason why foreign entrepreneurs like to come and set up their businesses here.
Some Key points for foreigners setting up a business in Hong Kong by One Pacific Trust:
- No Residency Requirement: No need for foreign persons to get residency to open a company. One IBC Hong Kong assists the foreigner in the registration process of their business whether as a resident or a non-resident.
- Company Structure: One IBC Hong Kong will help you find the ideal structure. The most common structure is a private limited company, which gives you limited liability as well as the best tax conditions possible.
- Company Registration: If you’re a foreigner, you’ll register your business with the Hong Kong Companies Registry. One IBC Hong Kong will be able to assist in preparing and lodging all the necessary documents on your behalf. The documents include your passport and proof of address.
- Business Bank Account: While there is more formality and paperwork associated with opening a bank account in Hong Kong, One IBC Hong Kong can take care of all these formalities for you.
- Tax Advantages: One IBC Hong Kong can also help you to benefit from Hong Kong’s favorable taxation system. Among other benefits, there is no value-added tax, no capital gains tax is payable, and low corporate tax of 16.5% on income sourced in Hong Kong.
With the knowledge of One IBC Hong Kong, it makes the experience seamless to set up a business in Hong Kong and take full strategic advantage of the region.