Hong Kong: A Strategic Choice for Global Businesses
Hong Kong is one of the most attractive destinations for entrepreneurs and small businesses seeking to expand their operations in Asia. With its low corporate tax rates, no value-added tax, and open access to the Chinese market, Hong Kong offers a competitive edge for businesses looking to establish a presence in the region.
According to data from the Hong Kong government, the corporate profits tax rate in Hong Kong is only 8.25% for the first 2 million HKD of profits, and 16.5% for any amount exceeding that. This is significantly lower than many other jurisdictions, such as Singapore (17%), Japan (23.2%), and the United States (21%). Moreover, Hong Kong does not impose any value-added tax, goods and services tax, or sales tax on goods or services provided in or from Hong Kong.
Hong Kong also serves as a gateway to the vast and lucrative Chinese market, which is the second-largest economy in the world. Hong Kong enjoys a special status under the “one country, two systems” principle, which allows it to maintain its own legal, financial, and trade systems. This means that businesses registered in Hong Kong can benefit from the free trade agreements and preferential policies that Hong Kong has with mainland China, such as the Closer Economic Partnership Arrangement (CEPA) and the Mainland and Hong Kong Closer Economic Partnership Arrangement (MHKCEPA).
Deluxe Business Solution: A Trusted Partner for Hong Kong Company Formation
Deluxe Business Solution is a leading company service provider based in Hong Kong since 2014. It specializes in assisting foreign businesses in setting up their companies in Hong Kong with ease and efficiency. Deluxe Business Solution offers a comprehensive range of services, including company registration, marketing promotion, and visa applications.
Deluxe Business Solution streamlines the company registration process, ensuring swift and hassle-free establishment of limited companies in Hong Kong. Their expertise in navigating local regulations simplifies the often complex administrative tasks, such as preparing the incorporation documents, opening a bank account, applying for a business registration certificate, and filing annual returns.
Recognizing the importance of visibility in today’s competitive business landscape, Deluxe Business Solution also assists clients with effective marketing strategies and promotional activities to help them gain a strong foothold in the Hong Kong market. They provide services such as website design, logo design, social media management, search engine optimization, and online advertising.
For international entrepreneurs and businesses, Deluxe Business Solution offers invaluable support and guidance to facilitate visa applications, ensuring a smooth transition for foreign nationals looking to operate in Hong Kong. They help clients with various types of visas, such as investment visa, employment visa, dependent visa, training visa, and working holiday visa.
“Setting up a company in Hong Kong offers a double advantage: No value-added tax in Hong Kong and an open door to the vast Chinese market, making it a strategic choice for global businesses,” stated Roy Lam from Deluxe Business Solution.
How to Contact Deluxe Business Solution
Deluxe Business Solution is located at Unit 1411-1412 14/F Cosco Tower 183 Queen’s Road Central Sheung Wan Hong Kong. They can be reached by phone at +852 8199 0743 or by email at cs@setuphk.com. Their website is www.setuphk.com, where clients can find more information about their services and packages.
Deluxe Business Solution is committed to providing high-quality and affordable services to help clients achieve their business goals in Hong Kong. With their professional and experienced team, they can handle all aspects of company formation and management in Hong Kong with ease and efficiency.
