Reasons To Start A Business In Hong Kong

For someone who is interested in investing some good money in to a business, it would be advisable to sit and think things through before you start. For all young entrepreneurs it is said that Hong Kong is one of the best places to start your business in. The reasons being many. So if you have an idea of starting something that you can run from anywhere in the world it would be a good idea to consider this place. Here are some of the compelling reasons as to why.

Setting up is not a hassle

Not only does the government offer lots of support for start-up they actually welcome them. For you to register a business in Hong Kong it would not be too troublesome. It basically will only take you one day to complete the process and be ready to start running. And if you are a foreigner, you can start something up without local shareholders. This makes it a very attractive option for most if not all investors.

The expense is low

When it comes to things like Hong Kong company formation fees and other government charges the cost is low. You can find a great package that will enable you to get everything done in order for you to set up with low costs. The tax policy is also very much favourable for all investors thus making it an attractive place for all the investors. They only have three main taxes and give a lot of allowances and deductions which makes the taxable amounts very low. There is also no imposed sales tax or VAT nor is there any tax on dividends.

The location makes it great

As it is located in the centre of all the major Asian markets, it becomes commercially and geographically ideal for successful growth. If you hope to move your success in to China in the near future you will be able to do so without a lot of trouble because of the location.

Banking and loans

The local government is actually interested in attracting new start-ups. They actually help them with loans and other funding. By making it easy for foreign start up’s to enter, the government is investing in their global presence. The legal process is not complicated and thus makes it a very attractive option.

So if you are hoping to start up something then you might want to consider Hong Kong as it might just be the right spot for you to make it. Not only will it be a smart move, but also a move that might just help you take off from a better ground based on the benefits.