Company Formation

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…

 #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)

Due to a huge expansion of international business the demand for corporate bank accounts has grown.  Nowadays, companies may benefit from business-friendly jurisdictions all around the world allowing to open bank accounts without personal visits.

Bank of Cyprus is the largest bank in Cyprus and offers a wide range of services for individuals as well as for companies.  You can open a bank account for your Hong Kong company without a need to travel.

Incorporating a private limited company would be your best choice because you will be able to enjoy tax efficiencies when conducting business in Singapore.

DBS Bank Ltd now offers Online Account Opening Service.Visit https://www.dbs.com.hk and click the "Apply Now" button and fill out an online application.

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.

Hong Kong companies are totally transparent and personal information of the company directors and shareholders are made public. That is also one of the most common reasons why entities in Hong Kong consider appointing nominee directors and shareholders.

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.

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.