Starting a company in another country is done mostly looking at the various financial benefits the company will have. It is also done if it will allow the company to expand its market to newer regions. When you open a company in Hong Kong, you have multiple benefits. Being a country with a very low tax rate and exemption of various taxes, it offers companies a huge financial benefit. Companies can mitigate their tax burden legally by starting an offshore company in Hong Kong.
Finding A Good Service Provider In Hong Kong
What you must first do before you start the procedure to open a company in Hong Kong is to find yourself a good service provider who can help you with the process. Starting a company in a foreign country is not easy even if the procedures are simple. This is because you may not be aware of the processes involved. If you try to do it yourself you may end up going in circles and wasting your time. As a businessman, you will aim to start the company at the earliest.
Read Also: Start a Hong Kong Company and Reap Rich Benefits
Who Is A Good Agent To Open An Offshore Company In Hong Kong?
How do you find a good service provider in Hong Kong if you are not familiar with the country? If you are based in Singapore or already have an operation in Singapore you can find out if any of the good consultants here are operating in Hong Kong too. Another way is to check with your business friends who may already have set up in Hong Kong. They can give you the correct opinion about the service providers.
If you are unable to local someone then you must see that the service provider has certain qualities and this you can find by interviewing the main person. The first thing you must find out is whether they have the expertise for the job. The top brass in the consultant company must be experts in law, finance, and marketing so that they can guide you properly. They must have experience in setting up companies in Hong Kong.
The consultant must respond fast to your queries. This is very much required because time is very important in business. If you are trying to open operations in Hong Kong to capture the Chinese market then you must be there before your competitors enter the market. The service provider must be quick. They must also give you the information you need without any delay. This will prove that they are experienced in the job.
What Are The Services Offered By The Consultant?
It is not enough that company formation is done in Hong Kong. You must be able to run the company smoothly and this will require many other services. You must be able to get visas and work permits for your people if you are planning to locate someone in Hong Kong. You must know the tax laws and regulations and the consultant must be able to guide you in this regard. They must also help you in finding a good place for your office.
Read Also: A Guide to Forming a Hong Kong Company
The other task that you may require from the consultant is to find you, talented people, to work for your company. They must also be able to do your accounting and bookkeeping work if you are not appointing a person for that. Only a consultant who can offer all these services is good for you as you cannot approach many people for different tasks. Above all, the consultant must offer the services at affordable rates.
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