Mainland Enterprises Registered 5 Advantages Of Hongkong Company To Promote International Market Opening

Hongkong is one of the most important international financial centers, and has a pivotal position in the global economy's influence and credibility.

As we all know, registered Hongkong companies use Hongkong business advantage, enterprises can create international brands and enhance international competitiveness.

So what is the difference between the registered Hongkong companies and the mainland companies? Why can the registered Hongkong companies develop the international market faster?

1, the two sides define the nature of the company differently: the Mainland generally believes that the company is a profit oriented economic organization, and in the law, it also defines the company as an "enterprise legal person", while public welfare institutions and other organizations can not be called companies.

In Hongkong, the main form of business organization is the company, but the company is not pure.

In practice, non-commercial organizations such as schools, charities and residents can also be established and operated in the form of a company.

2, the registration procedures and completion time of the two places are different: the registered companies in Hongkong achieve one-stop registration, and the registration procedures are simple, at least 1 days.

The Hongkong company registry has approved the establishment of up to 700~800 companies daily.

By contrast, the registration process in the mainland is cumbersome, and it will take nearly half a month to get approval for business and taxation.

3. The mainland

Compared with the Hongkong area, there are many complications: the establishment of a company in the mainland requires the application of the state tax certificate at the office of the Inland Revenue Department, and then the local tax certificate at the local taxation office.

In the Hongkong area, a year after the company is on the right track, it is necessary to pay the relevant taxes on the premise of profitability.

According to the world bank, the total tax rate of Hongkong's corporate profits tax and labor tax costs is only 23%, while the mainland's total tax rate is up to 63.7%.

What are the advantages of registered Hongkong company relative to the mainland?

1, the scope of operation of the Hongkong company is very limited: Limited Hong Kong Company can operate any business in Hong Kong except for illegal business.

2, Hongkong's tax system is simple and low tax rate: Hongkong has low tax rates and few taxes.

3, Hongkong company allows no business and allows shell companies to exist.

Many companies have registered shell companies in Hong Kong to promote brand publicity and use Hongkong's reputation to create Hongkong brand.

4, Hongkong company registration procedures are simple and quick: Hongkong

The procedure is very simple. A Hongkong limited liability company can complete registration only 8 working days, much lower than the world average of 48 days. It only takes four days to set up a branch office, and only three days to buy a ready made company.

Online processing, the day can be scanned.

A valid identity card (18 years of age) is available, a registered address and a statutory Secretary can be applied.

5, the Hongkong government will invest a considerable amount of funds every year to support and encourage enterprises to carry out scientific and technological training or patent applications.

To support SMEs' challenges and opportunities in economic development, the Hongkong SAR government has set up a subsidy scheme for SMEs.

The implementation of simple cancellation procedures for enterprises has provided great convenience for enterprises who need to withdraw from the market, relieved the past cumbersome procedures of cancellation, and the commercial registration authorities have truly done the service in place. By providing authoritative public publicity platform, the cost of enterprises has been reduced, the allocation of resources has been optimized, and the vitality of the market has been stimulated.

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