What are the advantages of registering a company in Hong Kong?
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Simple tax system with low tax rates
The only tax a business must pay annually is profits tax, which is calculated on net profits. The first HK$2 million of profits are taxed at a rate of 8.251 TP3T and profits in excess of HK$2 million are taxed at 16.51 TP3T. At the same time, Hong Kong has a territorial tax system, whereby only profits derived from Hong Kong are taxed and profits derived from overseas are exempted from tax. In addition, in the 2024 Budget, the Government has reduced the profits tax for the year of assessment 2023/24 by 1001 TP3T, subject to a ceiling of HK$3,000. -
Freedom of trade, financial flows
Hong Kong has no foreign exchange controls, which means that Hong Kong companies are free to receive money from all countries and to move funds around without restriction. At the same time, Hong Kong is rated as the "World's Freest Economy" among 165 economies in the world, and is the world's freest and most prosperous trading port. -
Simple registration and easy maintenance
Registering a Hong Kong company only requires Hong Kong shareholder and director information, and can be quickly registered in three to five days. Maintenance is also very simple, and it is sufficient to do an annual audit and a tax return every year. More than 9,000 overseas and mainland companies have chosen to use Hong Kong as their base. -
High international reputation and good brand image
Hong Kong enjoys a good reputation in the global business community, the establishment of a Hong Kong company is more worthy of being trusted by customers to develop the global market, but also can be registered international trademarks, barcodes for the international flow of goods. -
Wide range of business
In principle, there is not much restriction on the scope of business of a Hong Kong company. In general, as long as it does not involve the need to apply for additional licensing permits for business, such as banking, insurance, trust, etc., can be carried out normally, and there is no special provision for fixed words and phrases, can be edited by themselves, and the Inland Revenue Department to audit no objections can be.
