November 30, 2017
Even though Hong Kong does not have any particular law that governs international company formation in Hong Kong, it has a lot of popularity as a jurisdiction to set up an international company in Hong Kong. And the main reason is the beneficial economic tax regime, ease of an international…
March 21, 2017
#1 Tax SystemHong Kong’s efficient tax regime creates a business-friendly environment, which in turn is a driver of economic growth.No GST or VAT.No withholding taxNo capital gains taxNo tax on dividendsCorporation income tax rate is only 16.5% (one of the lowest in the world)
September 29, 2016
The concept of a shared office is becoming more popular than ever due to a shift in attitude towards using sharing office space. Shared offices are a desirable option, not only in city like Hong Kong where the demand for leases with more flexible terms is massive. Besides the rise of entrepreneurship, there are another reasons why companies prefer shared offices, such as lower costs, increase of productivity by working with other companies in a shared office, and more.
August 12, 2016
More good news is coming from Hong Kong banks.After a flood of complaints from business owners who were having trouble opening new accounts due to strict international anti-fraud regulations, Hong Kong’s Monetary Authority will introduce new guidelines to help banks better conduct the risk-based approach in granting and retaining accounts.
August 3, 2016
Earlier this year banks around the world tightened requirements for new bank accounts and many control measures have been put in place as a result of intense pressure from regulators particularly from the perspective of anti-money laundering and terrorist financing.