Incentives to incorporate in Hong Kong - Hong Kong because entrepreneurs choose for corporate training

Hong Kong (HK) is known for being a global business in a unique, strategic location in the heart of Asia. With a population of nearly 7 million and a GDP per capita of U.S. $ 43,700 (CIA World Fact Book 2008), it is clear that the business environment of Hong Kong is flourishing. HK has a stable economy and a Chinese perspective, and constantly plays a key role for international entrepreneurs who access the Chinese economy. A look at key areas of consideration for international traders, demonstrates why Hong Kong is and will remain a popular and valuable jurisdiction.

Position
As two thirds of the global middle class will soon be from Asia, business leaders from around the world are taking interest in the continent, and being in the heart of Asia, Hong Kong is often a first choice. HK is a four-hour flight from all major regional markets in Asia.

Strategically located in proximity to China, Hong Kong plays a key role to access the Chinese market. In fact, Hong Kong has taken several steps to position itself as a gateway to China with developments such as the Shenzhen-Hong Kong Innovation Circle, which encourages Chinese enterprises to undertake scientific research in Hong Kong. Plus, of course, the position of Hong Kong to be an hour's drive from the Pearl River Delta, the world's largest production region, Hong Kong offers access to the consumer market 450 million people in southern China alone.

With Hong Kong Closer Economic Partnership Arrangement (CEPA) with China, is arguably the world's most business that take advantage of future opportunities in Asia.

Transport
The companies that incorporate in HK have access to his ties developed air, rail, road and sea, that are both modern and efficient. HK International Airport is the busiest in Asia and the Pacific, managing nearly 50 million passengers annually and is home to over 150 direct flights to international destinations. Transit between the city and the airport is comfortable using the Airport Express, which takes a total of 23 minutes to Central. Furthermore, within the general commuting Hong Kong is considered the best in the world by Forbes magazine as taxis are affordable and public transportation is well developed.

From a commercial perspective, Hong Kong International air cargo port is the world's busiest international container port and the HK is the third busiest in the world. Over 100 international shipping companies operating from HK, connecting to over 5,000 destinations worldwide. A new rail link is under development, the names of the Guangzhou-Shenzhen-Hong Kong Express Rail Link, and will halve the current travel time between Hong Kong and Guangzhou. Moreover, Wuhan will be 5 hours from Hong Kong and Shanghai will be 8.

Culture
The history of Hong Kong as a British colony and its current Chinese influences provide a bi-culture of two of the most dominant economies in the world today. British influence in a Chinese culture is a significant competitive advantage, facilitating the understanding of international entrepreneurs of the largest Asian market, avoiding dramatic culture shock. Hong Kong is also home to a large expatriate community of about 350,000 people and 29 million international tourists every year, enabling a diverse population and is open all year.

The people of Hong Kong have grown up in this bi-cultural environment and international key business customs have collected from the East and West. HK universities are increasing in the world rankings, with three universities in the top 50 worldwide, more than any other country in Asia. With their strong work ethic, a talent for efficiency and can-do attitude, Hong Kong offers a skilled and motivated workforce for any business. Industrial action is very rare.

English and Chinese are the official languages ​​of Hong Kong, and in the workplace, English is the common language of business with the majority of contracts written in English.

The general culture of HK people is business-oriented and highly competitive. This culture is supported not only by the people, but by the government, such as the Hong Kong Trade Development Council supports SMEs in their international business, and immigration policies are structured to attract professionals, talents and investors globally, to maintain competitiveness of Hong Kong.

Taxes and Politics
In light of the culture of the first floor said business mainly in HK, there is a logical business tax and legal infrastructure.

HK is ranked as the world's freest economy by the Heritage Index of Economic Freedom in 2009 and is also the least corrupt country in the 12 th world (Transparency International - Corruption Perceptions Index 2008). Overall, Hong Kong is a court safe, efficient and reliable way to conduct international business.

The companies that incorporate in HK also benefit from its low and simple tax system. With corporate taxes limited to a maximum of 16.5% and income tax peaking at 15%, while having few established conventions of double taxation, Hong Kong has the third lowest tax misery in the world, as rated by Forbes Tax Index 'Misery. Moreover, despite recent agreements HK undertake to OECD tax principles, attitudes remain strong client confidentiality.

HK people also benefit from not having sales tax, capital gains tax or dividend and, ultimately, even those that provide significant tax advantages, HK is not perceived as an international tax haven.

Current Business
Being the second most competitive economy in the world (IMD World Competitiveness Yearbook of 2009) and the second largest recipient of foreign direct investment (FDI) (United Nations Conference on Trade and Development - UNCTAD) puts Hong Kong as one of the centers most important trade in Asia. The government plays a key role for the competitiveness of Hong Kong, and has implemented strong measures to promote not only the world's largest economies, but also more companies from emerging markets to invest in HK.

Incidentally, Hong Kong has impressive awards and rankings as the most efficient business, government more efficient 2 and 3 ° the most economically efficient in the world (IMD World Competitiveness Yearnook). Hong Kong ranks as # 2 with the lowest costs and business risks throughout the world (Opacity Index Milken Institute). For these reasons it is not surprising that Hong Kong is the number of location for regional operations in Asia, with 1,252 regional headquarters and 2,328 regional offices.

HK is also a major power and financial crisis. In 2006, the Stock Exchange of Hong Kong has raised $ 32 billion, representing 15% of total global capital raised, and above the capital raised on the London Stock Exchange and the New York Stock Exchange that same year. HK ranks as the third Global Financial Centres Index (GFCI), after London and New York, and it is the financial capital of Asia.

HK also has a major presence in the field of technology, being the most important city in the digital and telecommunications hub in Asia. The government is constantly encouraging high value, original and high-technology to exploit its strong service and manufacturing sectors of the Pearl River Delta. The HK Science and Technology Parks (HKSTP), a state-of-the-art research facilities and technology, and Cyberport, a $ 2 billion project for business and professional development, additional support leading role in HK IT industry.

Company Incorporation
Incorporating a business in Hong Kong is not only a wise business decision, but also simple and convenient. HK standings with pride as the easiest place to do business 4 of the World Bank Doing Business Survey (2009) and may require a minimum of 2 weeks to a legally incorporated company in Hong Kong.

Global corporate bank accounts are readily available and there is no obligation to rent a physical office to complete the training, virtual offices are also eligible. The main requirements for the formation of HK companies must have at least one company director, which can be from anywhere in the world, and a resident of Hong Kong company secretary (Director and Secretary may not, however, be the same person ). Although audited financial statements are a requirement for HK companies, quarterly reports are not required, thus maintaining the security of the business while being user-friendly HK.

With a minimum issued capital requirement of one share of HK $ 1, incorporation of companies HK is really a viable option for almost any entrepreneur.

Life
While HK is a devil very cheap to do business, it's still a very expensive place to live. The Mercer Human Resources Cost of Living Survey HK ranks as the nation's sixth most expensive in the world to live in. That said, as HK's GDP per capita is high, cost of living is often not a critical problem for most residents .

HK residents benefit from a modern infrastructure and well developed, as 7.8 billion dollars were invested in Hong Kong over the past ten years. Projects such as the Government 'go wireless always connected' initiative have improved facilties for people who live in HK, with over 7,900 hotsports WiFi available in public libraries, local leisure and cultural as well as large parks.

HK also has one of the lowest crime rates in the world, surpassing many other international cities. The electrical network is reliable and HK state-of-the-art, black-outs and do not occur. Utilities are not only reliable but also affordable. With an immigration policy that is familiar, and with a large expatriate community, it is easy to meet new people and make friends in HK. Private clubs, chambers, consulates, associations, special interest groups and clubs networking is one of many ways for expats to meet other foreigners. Thus, despite its high cost of living, HK has achieved a rating of 100 or 90.9 livability survey in the Economist Intelligence Unit.

With its corporate culture oriented, strong work ethic and the international and bi-cultural background, HK is a prime location for any entrepreneur to set up their business, while benefiting from low taxes and easy access to the economic boom of China. HK is an Asian leader in the financial sector and IT industry, as well as having impressive world ranking for business friendliness and freedom from corruption. Overall, HK ticks all the boxes for entrepreneurs seeking a court sensitive and fun to create your own company and, possibly, live in ...