Hong Kong company incorporation services have grown in popularity amongst global investors, especially those from developed countries, because of the favourable corporate tax regime and other tax benefits. An offshore company is primarily a set-up in a low-tax haven.
This type of company incorporation is popular in countries such as the Cayman Islands, which are popular destinations for high-net-worth investors and multinational corporations. Most offshore companies are set up there, and there is no need to pay corporate income tax or other business taxes since the tax rate in these countries is meagre. It is also one of the reasons why Hong Kong is an accessible location for offshore investing, and the government has been attempting to attract more investors to the city as well.
There are other aspects to consider when choosing a company to set up a business in, though. Hong Kong provides a wide array of options for businesses looking to register a business. In addition to company registration in Hong Kong, there are also services offered that allow companies to open their branches or even form new international corporations. There are also several types of banking services available for a company looking to expand its operations into another country.
With all of the tax benefits Hong Kong offers, it is essential to research the various company incorporation options available. There are a variety of services and policies available depending on the goals of a particular company, and the availability of staff that will handle a company’s legal needs.
The most common of all of the Hong Kong, corporate service providers is an Offshore Incorporations HK Limited, which is run by an international corporate service provider known as E&Y. The Offshore Company Registry maintains a centralized database of the companies registered in Hong Kong. It maintains separate records for international corporations and domestic corporations and keeps track of their status, such as whether they are incorporated liquidated, or involved in litigation, among other things.
Corporate entities can also use Hong Kong Company Formation Services (HCFS) to set up their corporate affairs. HCFS is run by a Hong Kong-based service provider called HCM. Corporate formation services include a wide range of services, such as advice on how to set-up a limited company, advice on how to register a limited partnership or corporation, and advice on how to set-up a company in Hong Kong, among many others. Companies may also benefit from a business plan template and business valuation consultation.
Companies seeking services of the HCM may also find out about other business incorporation companies such as Business China, an International Company Registration Service provider. A Company Formation Service (CFS) is also an option. There are also offshore registration companies that provide services that include a comprehensive search for Hong Kong corporation registration. These are sometimes referred to as a corporate registration service because they specialize in helping businesses register a company in Hong Kong in a convenient way.
Before choosing to work with any of these company incorporation service providers, it is essential to research all the options available and decide what works best for you. For example, the Offshore Company Registry can be a great place to start but finding one that is right for your particular needs can be difficult. Some options are less expensive than others, but they all have different features. Asking an attorney general’s office or the government for advice can help, too.