Increased Number of Newly Registered Companies in Hong Kong
Hong Kong has seen a rise in the total number of registered companies.
A total of 80,533 new companies were registered in the first half of 2017. The number of non-Hong Kong companies registered for business purposes was also larger as branches in Hong Kong are still required to register. They are subject to a lighter taxation regime and only profits derived from the city are subject to taxes, not their worldwide profits.