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4000+ Companies Registered in HK in 2024! Why?!

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4000+ Companies Registered in HK in 2024! Why?!

4,694 startups! Hong Kong hits a record high in 2024. Why so many people choose Hong Kong?
01
International Platform

Hong Kong, a prestigious global financial hub, offers a truly international business setting. By setting up a company here, you unlock access to the global market, enabling smoother and more efficient engagement with overseas clients and the expansion of international operations.

02
Simple Tax System and Low Tax Rates

Hong Kong’s tax system is streamlined with a limited number of taxes and competitive rates, mainly including profits tax and salaries tax, with no VAT or consumption tax. Profits up to HK$2 million are taxed at 8.25%, while the remainder is taxed at 16.5%.

03
Easy Company Registration
Registering a company in Hong Kong comes with minimal financial and staffing requirements. The registered capital is based on a subscription system and does not need to be paid in full.
Shareholders and directors can be individuals or legal entities of any nationality, as long as they are at least 18 years old.
04
Global Bank Account Access
Hong Kong companies enjoy seamless access to opening bank accounts worldwide. With a comprehensive global banking network and no foreign exchange controls, the free flow of funds facilitates international financial operations for businesses.
05
Pathway to Hong Kong Residency

In addition to the business and tax benefits, registering a Hong Kong company opens up the possibility of acquiring Hong Kong residency. Through specialized channels such as the “General Employment Policy (GEP)” entrepreneurs can apply for Hong Kong ID.

After registering your company, you only need to focus on three main tasks: annual review, tax obligations, and an annual tax audit.

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