establishing a trading company in hong kong
TRANSCRIPT
Establishing a Trading Company in Hong Kong
A presentation brought to you by OpenCompanyHongKong.com
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Hong Kong, a Connected City
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• Hong Kong has an excellent geographical location in Asia and this is an important advantage for trading companies.
• Its close proximity to Mainland China is also an important advantage for investors.
Export and Import in Hong Kong
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• Hong Kong’s economy was historically based on its geographical position and the presence of a large port.
• The city imposes a free trade policy and low taxes. Hong Kong exports products like electronics, gold, jewellery or textiles.
Reasons to Open a Trading Company in Hong Kong
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• Trading companies in Hong Kong benefit from a geographical advantage as well as from the trade policy and no customs tariffs.
• Apart from being a trade hotspot, Hong Kong is also a business and financial centre and a good location to base an office in Asia.
Hong Kong Trading Companies
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• Like other types of businesses in Hong Kong, trading companies are subject to a low taxation regime and the advantages provided by the double tax treaties.
• These types of companies can use their location in Hong Kong as a management centre for their activities in Mainland China and in other Asian cities and countries.
Company Registration in Hong Kong
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• Each company in Hong Kong needs to be registered with the Hong Kong Companies Registry. Once the Certificate of Incorporation is issued, the company can start its trading activities.
• The start-up costs depend on the chosen type of business and the shareholder’s abilities to provide for the share capital.
Foreign Business Ownership in Hong Kong
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• Foreign investors benefit from full business ownership. There are no restrictions regarding the nationality of company shareholders or directors in Hong Kong.
• Foreigners benefit from the same rights as locals and investments are possible in a large number of sectors.
Special Licenses for Hong KongTrading Companies
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• Hong Kong trading companies need to obtain a number of special permits and licenses. This is mandatory for the import and export, the transport and sell of goods.
• Special licenses are issued by the Customs and Excise Department and they apply for products like chemicals, medicines, plants and animals, pesticides and others.
Trading Company Compliance inHong Kong
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• Trading companies have the same requirements for taxation as any other type of company in Hong Kong.
• A corporate tax is applicable and employers also have to pay social security. Large companies have more complex requirements for annual reporting and auditing.
Assistance for Company Formation in Hong Kong
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• Investors who want to open a trading company in Hong Kong can request the services of a company registration expert.
• You may contact our agents if you want to open a company in Hong Kong.
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