Have you been looking for a way to grow your business into a multinational? Most entrepreneurs are always looking for avenues to transform their businesses into revered brands. There are a number of channels that you can follow, but the most effective is opening a company offshore in Hong Kong. It is a paradise for businesses with everything you would want to see in an ideal offshore jurisdiction.
The only challenge of expanding offshore is that it can be pretty expensive. Indeed, the high cost of international business expansion often makes some investors shy away. This post demonstrated why working with an agency of experts is the best solution to cut down the cost of company incorporation in Hong Kong.
Benefits of Company Incorporation in Hong Kong
The main benefit of expanding a business to Hong Kong is its strategic location in the heart of Asia-Pacific. Hong Kong offers a sizable market of 7.69 million people, but a larger one of 1.4-billion people on the mainland is only a stone’s throw away. Indeed, accessing Mainland China is pretty easy through the Closer Economic Partnership Arrangement (CEPA), which allows Hong Kong companies to export most products tax-free.
Other markets, including India, Malaysia, Japan, and Australia, are also within reach. Once you register a company in Hong Kong, there is ample market to drive more sales and support fast growth.
Other benefits of expanding your business offshore to Hong Kong Include:
- Hong Kong has a very supportive administration.
- Low and straightforward tax regime.
- Hong Kong operates as a free port.
- Highly developed infrastructure.
- Hong Kong has signed multiple bilateral trade agreements to help companies registered on the island access international markets.
- Diverse business opportunities.
- Hong Kong is the world’s freest economy.
- Strong intellectual property rights protection laws.
Use an Agency of Experts to Cut Down the Cost of Company Incorporation
As you can see, the list of benefits to anticipate from company registration in Hong Kong is long. However, every aspect of going offshore, from opening a new office to preparing the required documents, can be pretty expensive. The good thing about it is that GMHK is ready to hold your hand to not only keep the cost low but ensure your business becomes successful.
- The agency handles the process of company registration professionally, allowing you to focus on looking for more funds. This is critical because the road ahead, which includes product development and marketing, will also require ample resources.
- The experts follow up with the company registration process, which includes name search, document preparation, and submission to Companies Registry on your behalf. Therefore, you will not need to book flights to Hong Kong for company registration.
- A good agency of experts can serve as your registered address and company secretary. This helps to eliminate the costs that could have been incurred looking for an office, furnishing it, and running interviews to pick a company secretary.
- Working with an agency can also help you to comply with all legal requirements and craft good strategies for business success. You will find this very important to avoid business failure, which could mean total loss for the new venture.
The cost of opening an offshore company can be so high, but you can keep it down by working with an agency of experts like GMHK. The professionals not only understand the process of company incorporation in Hong Kong but will assist you in crafting strategies for business success, accounting, immigration & relocation, and tax & accounting services. Visit GMHK now to learn more about company incorporation in Hong Kong and how to expand
