Hong Kong is a perfect place to start your dream business. It takes pride
The process to set up a business and register it with the government will differ depending on whether you’re setting up a partnership, sole proprietorship or limited corporation. If you’re registering a partnership or sole proprietorship, the first step that you should always consider is visiting Business Registration Office. In this office, you will need to fill out the forms and pay fees to obtain your Business Registration Certificate, which can be valid for a year or three years. You or your partners will need to submit identification like an ID card or a passport aside from other required forms. Limited companies should be registered with Companies Registry where the important registration paperwork may be completed. For some reasons, the period of processing for companies may last longer than partnerships or sole proprietorships. Depending on the business nature, you may also like to check if you will need any special permits or licenses.
Limited companies should be registered with Companies Registry where the important registration paperwork may be completed. For some reasons, the period of processing for companies may last longer than partnerships or sole proprietorships.
Depending on the business nature, you may also like to check if you will need any special permits or licenses.
Hong Kong is known as one of the countries to have low tax rates. This only means that there are tons of deductions that your business will surely benefit. Some attractive deductions are costs paid toward the profit’s future production. You will be able to get a full tax refund for such expenses. Whether you’re an owner of a big company or you’re self-employed, you might want to consult with the best accountancy company when filing tax returns. This will make sure that you’re able to take advantage of the available tax deductions.
If you want to get a loan from any Hong Kong banks, you might get disappointed to know that it can be hard to acquire capital from some Hong Kong financial institutions. The majority of banks only provide loans if you have collateral like properties. Therefore, make sure that you have backup plans if you’re depending on local banks when funding your start-up.
Hong Kong government is supportive when it comes to local businesses, regardless of how they have been in the industry. It offers programs like incubator programs, loan guarantees and funds for marketing which help overseas and local SMEs set up and expand in Hong Kong.
Hong Kong is a big business center. If you don’t know where to get started and you want to start at the soonest date, hiring a service company that would offer you the best solutions to reach all your business goals is always a good idea. Just make sure to deal with a reliable and reputable company like Corporate Hub Hong Kong as it makes a huge difference and can lead you to the right track of success.