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Hong Kong is primarily known for its liberal economic policies and the potential access to the massive Chinese markets. It is a route map to invest and trade with China. As per the records of World Bank, Hong Kong is ranked as the freest economy in the world for doing business. Hong Kong is an international city with advanced information and the freest harbor for trading in the world. For entrepreneur and Businessmen, Hong Kong provides the best business opportunity. Hence, Company Registration in Hong Kong is a viable option.
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It is very convenient for the public or potential investor to register a company in Hong Kong as Hong Kong is on new rise of popularity for its active participation and initiative in Belt and Road Initiative and is known for its sound legal environment and independent execution which distinguish it from the Mainland China and adoption of English Law.
The provisions and types of companies that can be formed in Hong Kong are relatively similar to the requirements of the Companies Act 2013. Choosing the right kind of business in a new place is an important decision to make, and there are several ways to do business and most popular is doing business through a limited company. The types of companies that can be formed in Hong Kong are:
The Company which is being registered in Hong Kong is required to deliver to the registrar the MOA and AOA of the company. The compliances of Hong Kong are similar to the compliances of the Indian Companies Act 2013[1]. Once the company registers MOA and AOA in Hong Kong, ROC shall certify that the company has been incorporated.
As registration of a Company in Hong Kong is guided by the Hong Kong Companies Ordinance, incorporating a company in Hong Kong allows the foreign investors to take the benefit of legal tax exemption. Various companies set up the subsidiaries in Hong Kong. The labors are highly skilled with maximum literacy rate. It has also provided numerous infrastructure opportunities for accommodation as well as for other businesses like banking, entertainment and tourism.
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