Interpretation Of The Advantages And Disadvantages Of Registering Hongkong Company

Hongkong is an international financial center with a sound legal system that can give investors sufficient legal protection.

In Hongkong, the name of a company can be freely chosen, and its scope of operation is also very broad. Registered capital is not required to be in place, nor is capital verification required.

Hongkong companies are easy to obtain international credit and credit. They can make use of the convenience of the Bank of Hongkong to send and receive letters of credit, so as to realize the rapid return of funds.

In addition, the shareholders and directors of the Hongkong company will be given priority in applying for business visas to the Immigration Department of Hongkong.

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In general, the general operation of Hongkong company only involves profits tax, no value-added tax, business tax and other taxes, and the profit tax rate is only 16.5%.

Income from outside Hongkong does not need to be paid even if it is remitted to Hongkong.

Enterprises can also make use of the purchase of property in Hongkong by the company of Hongkong.

(a)

There is no limit.

Without any industry restrictions, any lawful business can be operated without applying for another licence.

(b) there is no restriction on Trade and capital allocation.

Hongkong is a free trade port with free access to logistics.

General cargo is not subject to customs duties, and the speed of sea, land and air logistics is extremely fast.

Hongkong does not have foreign exchange control, all kinds of foreign currency can be pferred at any time, and there is no restriction on the entry and exit of funds. Businessmen prefer to use the convenience of the Bank of Hongkong to send and receive letters of credit.

(c) Hongkong Asian financial centre and banking services: credit is the basis for developing international business. Hongkong is the economic and financial center of Asia. Hongkong companies are easy to obtain international credit and credit. Your company can open a company account in Hongkong bank and send letters of credit to foreign business partners with the credit of Hongkong bank.

(d) Hongkong company

And tax policy is very loose: low tax environment conducive to development, Hongkong less taxes, low tax rates; no profits, no tax; many international institutions use Hongkong's tax advantage to achieve a reasonable tax savings; Hongkong companies generally only need to pay two kinds of taxes: one is a one-time registered capital printing tax, the tax rate is 1/1000, according to your actual registered capital to determine; the other is the profits tax, the tax rate is 17.5%, according to your company's actual profits (net profit) calculation.

Special consumer products (such as tobacco and liquor) are subject to import and export duties.

(E) register Hongkong company / set up enterprise brand (use Hongkong reputation, create Hongkong brand, enhance the international image of the company): Hongkong's international status is remarkable, later enterprises commonly use Hongkong's popularity to package for enterprises, and strive for a certain competitive advantage in the world.

The establishment of a company in Hongkong can immediately share the overall international image and status and enhance the company's competitiveness.

(f) the Hongkong company allows the existence of shell companies: the registered Hongkong company allows no business and allows the existence of shell companies.

The Chinese mainland enterprises registered Hongkong company, using Hongkong platform to set up overseas product exhibition and marketing center, so as to reduce intermediate trade links and export independent brands, is a shortcut for many foreign trade enterprises to seek overseas breakout.

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