The benefits to set up Hongkong company

Hongkong is an international city with advanced information, and the freest harbor for trading in the world. Also with its convenient infrastructure and excellent law system, Hongkong provide wonderful business situations for entrepreneurs and businessmen. At present, more and more inland businessmen set up their companies in Hongkong for different objects. They enlarge their businesses, build up the international image for their companies and upgrade their own competitive capacities by different ways. The benefits to set up Hongkong Company are as follows:

(I) be free to choose the name of the company: no matter how much is the register capital, the Hongkong government allows the names of the company to include the words such as international, group, holding, industry, investment, enterprise, association, chamber of commerce, united group, foundation, association for promotion, center and etc..

（II）little restriction of the business areas: electrical equipment, electronic, chemistry, light industry, machinery, instrument, clothing, textile, jewellery, treasury, medicine, shipment, transportation, import and export, trade, house estate, architecture, decoration, information, website, tourist, college, publication, association, research institution and other hi-tech industry. All these can be our businesses.

(III) great development in low taxation environment: the taxation in Hongkong is very low, and that is why a lot of organizations avoid taxation reasonably by the benefit of Hongkong taxation. When setting up companies in Hongkong, we only need to pay two kinds of taxation: one is the stamp tax of the registered capital, which is decided by the actual registered capital and its rate is 0.001. the other is the income tax, which is decided by the actual profit, and its rate is 17.5%. if the enterprises do not get profit, they have right not to pay taxations. There is no import-and-export taxation in Hongkong except for alcoholic, cigarette and special things.
    (Ⅳ) Modicum registered capital and no need of inspection: the registered capital often directly influences the shareholders’ decision of setting up enterprises. In Hongkong, no matter how much is the registered capital, the enterprise needn’t send the fund to Hongkong banks. The minimum registered capital is HK$10,000 required by the Hongkong government, and the registered capital can be raised according to the actual situations.

(Ⅴ) The windows to enlarge the international market and the access to enter the inter-market of china: Because of Hongkong’s special history condition and location, Hongkong creates good condition for the inter enterprises of china to develop outward. If enterprises set up companies in Hongkong, it will be easy for them to get the belief and cooperation from the foreign enterprises on one side; on the other hand, the foreign investors prefer to set up the local headquarters in Hongkong as China has been opened and developed for a short time, which will be the access to invest in China.
  (Ⅵ) Be easy to get the international credit : It is known to all that Hongkong is the economic and financial center in Asia, every street of which has banks. Credit is the basis to develop international businesses, and we can do finance by this financial center after getting the credit, or we can directly open the L/C to foreign enterprises and do big businesses with less fund. If needed, we can also apply for the assisting loan of middle and small companies to the Hongkong government, and then use this fund to get market profit. 

(Ⅶ) in-and-out freedom of people, materials and funds: Hongkong is the freest and most flourish harbor in the world, whose infrastructure is excellent. The in-and-out of people, materials and funds are free. Hongkong has signed treaties with more than 100 countries for people coming to and leaving Hongkong without signing visa. When goods are imported and exported, they can be free of tax, and the logistics from sea, land and air will be managed very quickly. In Hongkong, there is no foreign exchange management, and different kinds of foreign exchange can be redeemed and used in every time, and there is no restrict for the in-and-out of the fund. The businessmen prefer to receive and open L/C by the convenience of Hongkong banks.

(Ⅷ) Taking the advantage of Hongkong’s  popularity and establishing Hongkong brand: Because of the notability of Hongkong’s international status, the following-up enterprises often like to package their own enterprises by taking the advantage of Hongkong popularity, i.e. the Hongkong’s clothes, toys, culture, publishes and so on have some competitive advantage in the world. If the enterprises set up those kinds of companies in Hongkong, they can enjoy the general international image and status, and in some extent they will upgrade their competitive capacities.

(Ⅸ) doing their best to get the inhabitant right in Hongkong: If your enterprises have done contributions to Hongkong, you can apply to the people’s inbound affairs office of Hongkong to arrange the visa for doing businesses. If people have inhabitanted in Hongkong for 7 years, they can get the eternal inhabitation right in Hongkong. This year, the Hongkong government has introduced the investing land settlement project. You can pay attention to the information that is given by Hongkong government.

  It is freer to set up companies in Hongkong and if you meet the following requirements and provide the relevant documents, you can set up Hongkong companies.
    (1) One or more shareholders or directors (no limit of their nationalities);
    (2) All the shareholders should be older than 18 years, and have legal certificates；
    (3) All the shareholders should give effective ID or passports；
    (4) The registered capital can’t be less than HK$10,000 (no need of the arrival of the registered capital)；
    (5) You can provide the registered address in Hongkong (we can provide for you)；
    (6) You should commit Hongkong people or company to be the legal secretary of the company (we can be the secretary)；
    (7) You should do legal commercial trading, investment and other legal business activities；
    (8) You should pay all the Hongkong government charges。

    1 The examination of Hongkong Company’s name

If you have the name of the company, you can fax the name to the appointed office:
        Hongkong: 852-30104087
        Shenzhen: 0755-82995068
       Guangzhou: 020-61300498

  We will inspect the name of the company free-of-charge, and tell you whether you can register the company or not ( the registered name of the Hongkong company can be chosen freely. No matter how much is the registered capital, the name of the company can include the words such as united association, association for promotion, fund association, association, study association, commercial association, research association, center, traveling company, publishing company, chamber of commerce, group, enterprise, holding, investment, stocks, trading, importing-and-exporting, culture, film and TV, designing college, university, college and etc.；

    2 You should fill in the commission letter for registering Hongkong company correctly and sign the agreement；

    3 You pay 50% of the charges and the stamp tax of the registration office of Hongkong company；

    4 You sign the full set of the documents and constitution of the registered company or we will delivery to your appointed place；

    5 The full set of signed documents and constitution will be sent to the pointed office；

    6 All set of documents will be sent to the registration program of Hongkong company to apply for the company registration certificate (business license)；

    7 Relevant documents will be sent to the Hongkong Taxation Bureau to apply for the business registration certificate (taxation registration license)；

    8 Documents will be sent to Hongkong print organization to make: stock, articles, stamp, round chop, statutory stamp and notebooks；

    9 You are noticed to the appointed office to get the full set of documents of Hongkong company registration and to pay the left payment。

Question: All the Chinese can ask to register Hongkong company?
Answer: Yes. People having the Chinese ID can ask to arrange the registration. There is no restriction for the shareholders’ or directors’ nationalities. In fact, most registration places of BVI companies have no restriction for the shareholders’ or directors’ nationalities.

Question: How can you know if the company is legally registered?
Answer: You can go by yourself or commit your friends or anyone else to go to No.13 government examination department, Queensway, Hong Kong to do examination. And it has been certified that your company is legal because the bank opens the accounts for your company.  

Question: what requirements are needed if you want to set up a limited company in Hong Kong?
Answer: The mainland citizen or foreigners who have been 18 years old and have passports or ID can be the shareholders and directors; Besides, you should provide an address in Hong Kong to be the registered address, and one Hong Kong citizen to be the legal secretary of the company. (usually the registered address and company’s secretary are provided by the company) You can refer to the “the requirements to set up Hong Kong company”

Question: what are the procedures to register a new Hong Kong company?
Answer: The procedures to register a new Hong Kong limited company are as follows:
Hand over the company’s constitution and rules and pay related government charges→(five working days in general) the company registration office sign and give the registration license→(two working days) hand over the directors and secretary commission and other documents→apply to arrange the business registration license (one working day)→finish arrangement and send full set of documents to the clients. You can refer to “the procedures to set up Hong Kong Company”.

Question: How long to set up new companies?
Answer: After signing all the legal documents, it will be finished in eight to ten working days to set up new Hong Kong Company.

Question: When can we find the company’s background recording in the company registration office?
Answer: generally you can find the company’s background recording in the company registration office after sixteen working days from the day of registration. The data is stored in form of films in the aim to help people to exam.

Question: What include in the charges for registering new company?
Answer: the charges include:
(1) Company registration fees, full set of company including stamp, statutory stamp, stock, twenty company constitution and meeting recording books
(2) The business registration fees in the first year
(3) Committing directors and secretary, handing over the registration documents and providing copy of documents verification
(4) Delivering documents free-of-charge in Hong Kong, and charging the delivering fees outside of Hong Kong.

Question: Any secret fees?
Answer: The charges of our company have included all the fees that can make the limited company to start its business (not including opening bank accounts), and there is no secret fees.

Question: How can you pay the charges if you commit us to set up Hong Kong companies?
Answer: You can pay to our appointed account in Hong Kong or mainland by trans-account, TT, cheque or cashier’s cheque. The foreigners can send the payment to our Hong Kong account and people in the mainland of China can send to our Shenzhen or Guangzhou account. Welcome to get our account information.