Hong Kong is one of the most popular in Asia. It’s expensive, flashy, over-crowded. It has excellent talent, extreme weather conditions and overcrowding. But the only symptoms of the attraction of the city offers so many years. If you read the ratings on this court, one might think that the ancient city-state was arguing for the district court in the world about it:
· Economy – In the year 2011 was HK has the freest economy in the world named after the 16th Consecutive year.
· Finance – the third recipient of FDI in 2010.
· Political – Out of 173 countries evaluated the HK government was in 13th perceived the least corrupt in the world.
· Government – Measurement of business regulation is the world’s second-HK best place to do business in Singapore.
· Company – Hong Kong “very high” on the Human Development Index, at the 21st Place in 2011.
· Infrastructure – HKIA was “the best airport in the world in 2011, the World Airport prices.
· Ownership – In 2011, The Economist called the most overvalued housing markets in HK in the world, while Forbes named Hong Kong as a real estate office to the most expensive in the world.
The above list is not exhaustive!
Creation of Hong Kong as a trading port has its international reputation as the point where established “East meets West”. It was a multi-cultural competence of more than 150 years and has an autonomous government, the Code, and the economy, adapted the British system. As one of the world’s leading financial center, the forms of capitalism and free market economy in Hong Kong conveniently practiced for western investors, it makes it easier to attract foreign direct investment and to accept. Western environment at the door of the Chinese economic development, the “gateway to the powerful punch of China attract businesses and investors.
The foundation for the growth has been the training of entrepreneurs, business firm in Hong Kong. This vehicle is a vehicle for the growth of foreign direct investment in HK since the colonial period.
• The investors own 100% of the company in Hong Kong
· The control of 100% is obtained on investments
· 100% of the profits can be traced back to the homeland
Profits from the HK companies are operating outside of the statutory tax-free
“One country, two systems”
Hong Kong is a part of “one country, two systems” with the People’s Republic of China since the early 1980s. Because of its unique history as an autonomous region, so the city continues to thrive under their own legal system, politics and business, including finance, trade and cultural agreements with foreign states.
There are significant advantages to a company in Hong Kong and high rankings are proof of that. FDI, international sales, and rankings increase steadily over the last three years in the middle of the global financial crisis. It was found that on a winning streak of growth.
Here are just a few examples in which a Hong Kong company benefits at different levels of the organization.
Company – One of the lowest corporate taxes in the world, to 16.5%. Macao is lower, but not the entire pulse point is that only one of Hong Kong. The tax advantage is particularly useful for the society to a Western company in Hong Kong offshore company or subsidiary, as the repatriation of profits is not allowed. These subsidiary structures can be used as a separate legal personality, which many companies in the best way to manage regional activities are to be registered. International reputation and a strong shopping center that is unbeatable in Hong Kong Asia, particularly China part of the business strategy of a company.
Contractors – Due to the infrastructure in the western style, it is very easy for entrepreneurs to create and run a business.
· The nature of capitalism and the Western legal infrastructure for business creation and training of the company that many people make too familiar with international business partners.
· Because it is the gateway to China, entrepreneurs can get their money based company supplies products and services to slow down in the environment. Sourcing from China advantageous for the production, natural resources, and the work is attractive for an entrepreneurial society instead.
· The infrastructure is first class banking center and world class. Entrepreneurs can finance their businesses with the support of Hong Kong banks, the financial, which is safe and effective.
Individuals and investors – Incorporate a company in Hong Kong, and opening a bank account that can accompany the safety of people and investors and security in an international organizations can achieve their financial goals, such as:
o Refinancing of mortgages for foreign property.
o room for receipts from international consultants provide customers with a cost of cohesion and unity for tax / structure.
o financial center of Hong Kong offers the security of private banking and security in one place, and can potentially provide flexible cash now that the banks in Europe and the U.S. jurisdictions.
With this platform for the internationally recognized financial-banking benefits everyone – from large corporations and conglomerates, self-made entrepreneurs and investors.
Historically, to raise the tax rate of referrals during the dark Financial Times, in an attempt to bring in revenue to no cost. Nationals of a country are less likely to repatriate their funds onshore, where it is more expensive. This prevents the revenue back to the mainstream economy, and the money is kept offshore and secure / or in any jurisdiction. This also explains the flow of continued growth in Asia, is experiencing a growth area countries. HK bank account is relatively easy to obtain, with the necessary care and offers similar advantages to other offshore jurisdictions.
While Western countries to counter the effects of the global economic crisis of 2008-2009 to continue fighting, continue to grow investment opportunities in Asia, and many managed by these financial centers like Hong Kong and Singapore.
Healy Consultants is a leading services to entrepreneurs and investors with the requirements of companies in Hong Kong to support registration, together with other international jurisdictions. The company offers a wide range of services for the registration, tax planning and offshore banking. For more information on our Global Business Services can be found by visiting http://www.healyconsultants.com
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